The Market Ticker
Rss Icon RSS available
You are not signed on; if you are a visitor please register for a free account!
The Market Ticker Single Post Display (Show in context)
User: Not logged on
Top Login FAQ Register Clear Cookie
User Info DESTROY EVERYTHING Bezos Touches (and not just Bezos); entered at 2017-11-29 12:42:19
Posts: 7879
Registered: 2007-09-10 Scottsdale, AZ
Completely agree with your synopsis and too many people simply don't get it because they love the convenience and ignore the damage they are doing to our economy.
When I first opened my store, we sold stun guns on Amazon. Since I was an importer, I had a price advantage over dealers that bought from distributors. After only 5 months, I was one of the top sellers of stun guns on their site.
I couldn't get the reviews that Amazon required to keep top status and after 250 sales, I had only 7 reviews which is typical of most Amazon customers. All it took was one bad review and they closed my store because I fell below their minimum rating scale due to that review.
In 2015, Amazon literally kicked off any dealer selling stun guns because they now were importing the guns themselves. Shortly thereafter, did the prices in those stun guns start to rise back to where they should have been before they were Amazoned when the prices were beaten down in 2012-15.
Amazon used their listing system to basically destroy the little guys and then took over once they got their own supply line going.
The pattern is very obvious and of course the idiots on wall street call that capitalism.
2017-11-29 12:42:19