Bezos clarifies, under questioning, that that global retail market includes every single type of retail including restaurants…
Turns out Amazon’s market share of online retail is closer to 40%, he admits.
Defining your market is THE key argument in antitrust.
Market share claims by tech CEOs:
Facebook: We have tons of competition.
Amazon: we have less than 1% of the $25 trillion global retail market.
Apple: We don’t have a dominant position in any market.
Google: No comment.