What's Amazon's market share? 35% or 5%? — new posthttps://www.ben-evans.com/benedictevans/2019/12/amazons-market-share19 …
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makes sense to net out not only restaurants/bars, cars and auto parts, and gasoline, but probably also other categories where they have deminimus or zero penetration: grocery, pharmacy, convenience/truck stop (in gas?), luxury, building materials etc.
These categories (this is US census data IIRC) amounted to about 71% of total retail in 2017 (I did this a while ago). So to me, only excluding cars, gas, and car parts is not enough. Anyways, while I don't think Amazon should be "regulated" (whatever that means), theypic.twitter.com/SAYCyPaJys
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definitely have market power and economic dominance in certain segments and I do think it's a problem. My solution is very narrow focused legislation and their competitors getting their shit together. You can read more about this here: https://medium.com/swlh/amazon-needs-a-competitor-and-walmart-aint-it-5997977b77b2 …?
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Oh yeah, one thing I forgot to mention. First, they've rolled a program to set prices on the third party marketplace. Second, because of their market power in certain segments and the encroachment of seller margin via advertising costs and fee raises, the indirectly set price.pic.twitter.com/ePZXe5hmHP
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