Comment by PeterStuer
Comment by PeterStuer a day ago
At the start of the eCommerce business, people flocked to Amazon because they had trouble trusting smaller retailers.
These days it is the opposite. These brands went from trusted sellers to whitewashing marketplaces for the most dubious fraudulent drop-shippers by means of things like "sku-pooling" (you by design can not and never will know who shipped your specific item into the giant pool at Amazon).
So now I shop at dedicated local outlets, and avoid the "marketplaces" like the plague.
Any digital platform (like social media or a marketplace), which satisfies the following conditions
- decides which wares (social media posts or products) by sellers are shown to users by automated algorithms
- Makes money when users engage with said wares
- Is owned by a large number of investors
Will, if you believe standard optimization theory and that sellers are clever, devolve into crap.