California Attorney General Rob Bonta alleged Amazon led a price-fixing conspiracy of online retailers to inflate prices across the entire economy. And he's demanding an immediate halt.
Someone recently told me to start checking other sites than Amazon for prices because a lot of times you can find whatever you are looking for cheaper. I’ve been surprised how much this has turned out to be true. Especially with books.
My wife would buy stuff of Tiktok shop and I got annoyed thinking she was over spending on stuff. Went and compared to Amazon and they were all bargains. It’s crazy because Tiktok shop offers free shipping too and almost every product they sell pays out to an affiliate promoting it with some video.
Tiktok isn’t yet worried about making it profitable. The rest of their business can subsidize this for now. Then they’ll turn on the money hose once they’ve acquired customers/people get accustomed to buying things from tiktok.
I would have thought their market share is saturated by now. I see no reason why they couldn’t just do that now and become at parity with Amazon.
I am not sure if people will ever become accustomed to buying things on Tiktok, at least not in the way they do with Amazon. You don’t really shop on TikTok as much as you get sold things to you. Its not easy to actually find things in the shop, the marketing though is amazingly effective. I have never seen so many gadgets and gizmos I never knew I wanted until I used it. Its an excellent way for me to develop a wishlist for myself as I am hard to shop for.
Someone recently told me to start checking other sites than Amazon for prices because a lot of times you can find whatever you are looking for cheaper. I’ve been surprised how much this has turned out to be true. Especially with books.
My wife would buy stuff of Tiktok shop and I got annoyed thinking she was over spending on stuff. Went and compared to Amazon and they were all bargains. It’s crazy because Tiktok shop offers free shipping too and almost every product they sell pays out to an affiliate promoting it with some video.
Tiktok isn’t yet worried about making it profitable. The rest of their business can subsidize this for now. Then they’ll turn on the money hose once they’ve acquired customers/people get accustomed to buying things from tiktok.
I would have thought their market share is saturated by now. I see no reason why they couldn’t just do that now and become at parity with Amazon.
I am not sure if people will ever become accustomed to buying things on Tiktok, at least not in the way they do with Amazon. You don’t really shop on TikTok as much as you get sold things to you. Its not easy to actually find things in the shop, the marketing though is amazingly effective. I have never seen so many gadgets and gizmos I never knew I wanted until I used it. Its an excellent way for me to develop a wishlist for myself as I am hard to shop for.
The majority of stuff on Amazon is just stuff from Temu now