Insinuating that e-commerce is an industry is kind of like saying that brick and mortar stores and businesses are a single industry too. And yet, all of theseВ typesВ of service are offered though e-commerce. they don't sell event tickets, insuranceВ or stocks. Amazon doesn't book vacation packages, cab rides, or flights. ВІВ It's also important to realize that e-commerce isn't exactly an industry as much as it is a way of conducting business. However,В atВ it'sВ height,В StandardВ OilВ wasВ worthВ about $1 trillion in today's money, which is preciselyВ how much Amazon isВ currently worth. Some would argueВ thatВ since Amazon has only captured 44% ofВ all e-commerce, it's unfair to compare Amazon or Jeff Bezos to John D Rockefeller and Standard oil. Making Rockefeller over twice as wealthy in less than a decade after Standard Oil was declared a monopoly. By doing this, heВ wasВ able to seize control of 90% of the oil industry.В Even though Standard Oil was eventually broken up into smaller companies, their shares doubled or tripled in value in their earlier years. Jeff Bezo's market strategy bares striking resemblance to thatВ of John D Rockefeller,В who infamously sold oil at or below cost, in order to drive his competitors out of business. AndВ upВ untilВ just a few years ago,В virtuallyВ all ofВ Amazon'sВ profitsВ wereВ from shareholders.В Don't believe me? Here's the proof. Investors may be led to believe that the profits are coming from product sales, or other means, and remain unaware that other investors are the source of profits.'В№Д«elieve it or not, Amazon amassed hundreds of billions of dollars in wealth without making a dime.

'A Ponzi scheme is a form of fraud which lures investors and pays profits to older investors by using funds obtained from newer investors.

Is amazon a monopoly