Amazon has long been enjoying the benefits of dominating the e-commerce marketplace. Leaving its other competitors such as eBay and major retail websites far behind, Amazon ranks as the number one e=commerce center for people to buy a myriad of products online. We all know that products mean large amounts of profits over time, but according to financial expert Jeff Yastine–not for long. Visit kennedyaccounts.com to know more.
Why Jeff Yastine Thinks Amazon May Be In Trouble
During one of President Donald Trump’s tweets, there was a scathing message left to Jeff Bezos of Amazon. He commented that it created a disturbance in the retail industry and left a big hole in the physical selling of products in the market. Another former Walmart executive stated that Amazon should be going through federal anti-trust laws.
Another figure in Walmart, Bill Simon, mentioned that Amazon is not considered a business in the retail industry. He went on to say that Amazon is merely an entity that caused many retailers to suffer from the financial loss. Amazon cannot be considered competition for physical retailers, but merely a life-sucking predator that presents unfair policies.
According to Jeff Yastine, it is a given that many rivals would comment on the e-commerce success of Amazon. He believes that it is at a stage where physical retailers and their representatives are airing their concerns about Amazon, and he believes that it is only in due time that the e-commerce giant will undergo some major turbulence in its exponential success.
Jeff Yastine and His Opinion On Antitrust Laws
It is fundamental for any business to understand the policies of Antitrust. Jeff Yastine explained the case of Amazon, where the company gained a high level of success which resulted in a seemingly unfair advantage. Antitrust laws are made to help in making industries grow, to prevent monopoly, and to allow just business practices. There are some companies that dominate because of quality performance, but some companies may be at risk of monopolizing due to unfair business policies. Antitrust laws are basically made to protect free trade.
Free trade is not only beneficial for the consumer, but also for the aspiring entrepreneurs who wish to enter the scene. As the dawn of e-commerce has swept through America, Mr. Jeff Yastine believes that there will be more policies in the future to protect free trade. Read more: http://www.talkmarkets.com/contributor/Jeff-Yastine/