
Week Eleven with guests Scott Galloway, Michael Pachter, and Joe Flint
Deadline Strike Talk
The Different Interests of Netflix and Amazon
When you let a company aggregate 50 cents on the e-commerce dollar, it's effectively a monopoly. The percentage of gross revenue they take from a third party retailer has gone from 19% to over 40%. Talk to any retailer that's manufacturing suitcases or candles about the relationship with Amazon and they're going to have their head in their hands. It's like when there's only one business in town, they have all the control of your wages.
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