16 ms·
That's nice, but the reality is that Amazon has almost 90% control of e-commerce. They have huge monopoly power, and laws exist to protect consumers from that.
by fyrn_ 3y ago
That's nice, but the reality is that Amazon has almost 90% control of e-commerce.
They have huge monopoly power, and laws exist to protect consumers from that.
Is it the ideal way to build a society? No,
But the government should still step in when it happens.
- abduhl 3y ago90% by what metric?
- deleted 3y ago[deleted]
- fyrn_ 3y agoI actually misread fig. 14 from the article which was the set of top market participants. So it has a 90% share of the ecommerce of those top 5, not the whole market. Honestly feel the article intended that misreading
- nearbuy 3y agoThey have about a 38% market share of e-commerce in the US, far ahead of any competitors, but also far from 90%. https://www.statista.com/statistics/274255/market-share-of-the-leading-retailers-in-us-e-commerce/ https://www.statista.com/statistics/274255/market-share-of-t...
- mcguire 3y ago(The next leading market share is Walmart's 6.3%.)