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Amazon CEO Bezos Faces Season of Worsts as Losses Mount
- natch 12y agoI wonder how many customers did what I did, and cancelled Prime when they jacked the price up. With a corresponding decrease in purchases. The collection of bad movies the increased membership fees help pay for was not making the service more enticing.
- paulhauggis 12y agoAmazon barely makes a profit. They are an anomaly from the dot-com days. The fact that they aren't making as many sales doesn't surprise me. I buy in bulk from Amazon on a monthly basis. In the entire month of September, I almost couldn't order anything because of the errors during checkout. Just looking at the marketplace (and looking through the seller forums), many, many sellers were having problems (and sales dropped dramatically). Amazon denied this of course. If you start selling a lot of a certain product, Amazon will eventually compete with you by going to your supplier and buying products in bulk..and selling these products at a lower price. At some point, you may be asked to "prove" your are a legitimate seller by providing all of your "suppliers". Why there hasn't been a class-action lawsuit against them is beyond me. They have been tightening the ropes on many of the categories and pushing out all of the smaller sellers. If you get pushed out, you basically lose your entire business and customers in a split second (you aren't allowed to contact any of your customers directly anyway or get their real email addresses). Selling on Amazon does nothing to actually further your business along and is like building a house on quick sand. Amazon constantly abuses their monopoly position and deserves to be driven out of business. Bezos has also been pushing for the Internet tax. Why? Because small companies won't be able to keep up with all of the regulations.