Ecommerce Giant Amazon Reports Loss of 3.8 Billion Dollar |Jeff Bezos Loses 13 Billion Dollar in Hrs

Ecommerce Giant Amazon Reports Loss of 3.8 Billion Dollar |Jeff Bezos Loses 13 Billion Dollar in Hrs
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Amazon Reports Loss of 3.8 billion Dollar in 3 Months & Jeff Bezos Loses 13 billion Dollar in Hours as amazon shares slump on poor quarterly show abhs. As we already know India's antitrust body launched raids early on Thursday against two top domestic sellers of online retail giant Amazon.com and some on Walmart's Flipkart, following accusations of competition law violations, sources told Reuters. Indian retailers, key supporters of Prime Minister Narendra Modi, have long contended that Amazon and Flipkart's platforms benefit a few big sellers, via predatory pricing, though the companies say they comply with all Indian laws. The two Amazon sellers figuring in Thursday's raids were Cloudtail and Appario, two sources said on condition of anonymity, as the details were not public. Two other sources said some sellers on Walmart's Flipkart platform were also being raided by officers of the Competition Commission of India (CCI), but there were no immediate details. "This is a significant development as generally CCI doesn't do searches in non-cartel cases," a former official of the competition regulator told Reuters. "Doing dawn raids to unearth complex economic activities is a new domain for the regulator."Amazon, which has an indirect equity stake in both the sellers raided, did not immediately respond to a request for comment, nor did Flipkart. As you know Already, I am sharing my Honest Opinion for New Ecommerce Sellers of India whether they are Selling on Amazon, Flipkart, Meesho, Shopee & other Ecommerce Marketplaces or with own ecommerce website. I discussed about Why Ecommerce Sellers Failed along with money investment issues behind ecommerce business because many ecommerce sellers are wasting their money while selling online & will expose Reality of Doing Ecommerce Business in India whether you are selling on amazon, flipkart, meesho, shopsy and shopee to make money online or earn money online. Ecommerce Business in India that is not an Easy Task at all. Now Ecommerce with Job has more complex challenges in the ecommerce industry whether you are selling on amazon, flipkart, meesho, shopee or any other ecommerce websites or your own website. Ecommerce is growing very fast but challenges are also growing day by day so you have to join ecommerce with proper business strategies or business planning or online business ideas because without online business ideas it will be very difficult to stand in market of India. Now it’s very difficult to make money online or earn money online in ecommerce sector because it is very competitive and complex now.
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#Amazon
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