Amazon is one of the biggest e-commerce sites in the world. However, most of their profit is not coming from their retail sales. Because of their other profitable ventures, products on Amazon are often cheaper than other vendors, creating a stronghold on the retail industry. Consumers are attracted to the easability of ordering from Amazon, and companies have no choice but to sell on its platform. The low entry level required to be a seller has led to a plethora of counterfeit items. Small businesses who cannot afford to take legal action against these copycats are the ones taking the biggest hit. We have entered the wild wild west of the Internet age, and big companies are having difficulties regulating the content on their platforms. Join me on today’s podcast as I discuss the problems with Amazon, as well as the traumatic realities of being a Facebook moderator.
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