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Hell yes: Here’s a concrete example: in last year’s lockdown, my local coffee shop started to deliver beans. They set up a slick web store with Shopify. They to
by bernardlunn 5y ago
Hell yes: Here’s a concrete example: in last year’s lockdown, my local coffee shop started to deliver beans. They set up a slick web store with Shopify. They took payment with Stripe or Square. The owner’s kid brought the beans round on his bike. In other words, they competed with Amazon, because they had to! Ten years ago, this would have been much harder. Now, it’s a matter of plugging in off-the-shelf components.
NOT about regulators.
- lotsofpulp 5y agoAmazon does not care about competing with small margin retail operations. That is why you cannot filter for items shipped and sold by Amazon.com. They are more interested in the 15%+ profit margin business of being a platform. Their market cap is $1.7T because of AWS and the commission they collect from third party sellers and the recurring revenue from high margin streaming services. The sourcing and selling physical things to customer business is worth much less, as indicated by Walmart’s market cap of $390B.
- elwell 5y agoIt's interesting how AWS has taken so much of the market. I suppose it's just a better product + the free tier.