The largest moat I’ve seen with Amazon and e-commerce in general has been the logistics aspect of it. Because even when 90%+ of the goods sold are junk, the rem

The largest moat I’ve seen with Amazon and e-commerce in general has been the logistics aspect of it. Because even when 90%+ of the goods sold are junk, the remaining 10% are lower volume niche items or hard to find in retail stores for various reasons. E-commerce can absolutely unleash underserved and redlined areas, for example. So honestly, I think we haven’t even gotten close to the rock bottom point where people will actually start cancelling things like Prime. Especially while the competition still won’t sell their goods to “dirty” areas. And then people wonder why Amazon and Walmart are so big.