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Wed July 29 2020 10:05:23

Amazon CEO Jeff Bezos on How Amazon Surpassed eBay

By: Ina Steiner

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Amazon released a statement founder and CEO Jeff Bezos will read in today's testimony to the House Judiciary Antitrust Subcommittee.

The following excerpt explains how Bezos believes Amazon was able to surpass eBay:

"And it is striking to remember how recent all of this is. We did not start out as the largest marketplace - eBay was many times our size. It was only by focusing on supporting sellers and giving them the best tools we could invent that we were able to succeed and eventually surpass eBay. 

"One such tool is Fulfillment by Amazon, which enables our third-party sellers to stow their inventory in our fulfillment centers, and we take on all logistics, customer service, and product returns. 

"By dramatically simplifying all of those challenging aspects of the selling experience in a cost-effective way, we have helped many thousands of sellers grow their businesses on Amazon.

"Our success may help explain the wide proliferation of marketplaces of all types and sizes around the world. This includes U.S. companies like Walmart, eBay, Etsy, and Target, as well as retailers based overseas but selling globally, such as Alibaba and Rakuten. These marketplaces further intensify competition within retail."

Bezos will be joined by the CEOs of Google/Alphabet (Sundar Pichai), Facebook (Mark Zuckerberg), and Apple (Tim Cook) in testifying today before the House subcommittee as part of its "Online Platforms and Market Power" hearings.

C-span.org will carry the hearings at noon, carving out a 3 hours and 30 minutes time slot on C-SPAN 3; the subcommittee will stream the hearing on its YouTube channel.

Bezos will have a lot more to say, you can find his statement on the About Amazon corporate blog.

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Perminate Link for Amazon CEO Jeff Bezos on How Amazon Surpassed eBay   Amazon CEO Jeff Bezos on How Amazon Surpassed eBay

by: shut1968 This user has validated their user name.

Thu Jul 30 19:33:36 2020

Penny books and free listings...  combined with eBay treating sellers like total crap is what pushed Amazon over the top.

EVERYTHING else was an add on once they were.

NOW Amazon bullies it's sellers far more than Ebay ever did.

Ebay had a chance to take some of that back.. and then they introduced Managed Payments to kill that return, sure sales are up.. but once the numbers are in for the next quarter and it reflects the number of big sellers who have left because of it they'll be singing a different tune.

Perminate Link for Amazon CEO Jeff Bezos on How Amazon Surpassed eBay   Amazon CEO Jeff Bezos on How Amazon Surpassed eBay

This user has validated their user name. by: RKTOYS

Sun Aug 2 09:30:24 2020

Amazon is every bit the bully eBay is.  They are both monsters that hate the little people working for themselves.

Perminate Link for Amazon CEO Jeff Bezos on How Amazon Surpassed eBay   Amazon CEO Jeff Bezos on How Amazon Surpassed eBay

This user has validated their user name. by: Life During Wartime

Sun Aug 2 11:33:03 2020

Just happened again!  I've been trying to purchase hand soap refill pouches (not anti-bacterial!) in my favorite brand since January with no luck.  Tried to find some just now on Google.  First links went to Amazon, but -- as it's been for 8 months now -- ''not available''...Those links are empty click bait.  There was an AD for eBay at the bottom of page one.  Clicked it, and VOILA!  my made in France hand soap refill pouches.  Most of the choices were sold out, but what was available was fine with me.  Cha Ching!  

Perminate Link for Amazon CEO Jeff Bezos on How Amazon Surpassed eBay   Amazon CEO Jeff Bezos on How Amazon Surpassed eBay

by: radiantnats This user has validated their user name.

Fri Aug 7 04:25:36 2020

eBay didn't care about sellers at one point. It was really bad. They were suspending sellers left and right. Now they try a little bit harder to retain sellers.

Amazon is at the point I saw eBay years ago. They have grown rapidly and can't handle 3rd party sellers. Bots run rampart around site screwing sellers over. Amazon is failing to respond to A-Z claims and claims have been sitting for weeks and months unresolved.  This in turn makes sellers lose Buy Box and Amazon won't listen or admit guilt.

So this whole thing on being good to sellers is a farce. Bezos has no f-ing idea what's going on

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