5 ms·
In the short term I agree, but in the long term, no way the consumers will benefit from the absence of competition.
by vb-8448 3y ago
In the short term I agree, but in the long term, no way the consumers will benefit from the absence of competition.
- SideQuark 3y agoAmazon 2022 revenue ~343B, of which ~100B is AWS. Walmart revenue ~600B. And that's just one Amazon competitor. Looking at the top 10, Amazon has less than 20% of US retail sales. And there's a long list of retailers past that.... And once you look global, there's plenty more 100B+ revenue retailers, many of which also sell in the US. I hardly think there is even close to an "absence of competition." Heck, Amazon is not even the biggest US retailer by a large margin. Each of these posts is full of fear and implications the evidence and statistics show to be unfounded. [1] https://nrf.com/research-insights/top-retailers/top-100-retailers/top-100-retailers-2023-list https://nrf.com/research-insights/top-retailers/top-100-reta...