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Amazon takes 50% cut from small businesses

https://www.bloomberg.com/news/articles/2023-02-13/amazon-amzn-takes-half-of-each-sale-from-2-million-small-businesses

"Sellers have been paying Amazon more per transaction for six years in a row, according to Marketplace Pulse, but were able to absorb the increases because the company was attracting new customers and rapidly increasing sales. That abruptly changed when pandemic lockdowns eased and people began traveling and dining out again, sucking the oxygen out of online shopping."


According to this, COVID fears and lockdowns gave Amazon a financial benefit and advantage. This makes it clear how some were made rich from COVID. And those same rich people might be tempted to have another pandemic.

Jul 17, 2024, 4:23:33 PM | by Admin


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