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Bezos boasts third-party sellers are kicking Amazon’s ‘first party butt’

Amazon.com Inc.’s online marketplace is thriving, with marketplace sellers accounting for 58% of gross merchandise sales on Amazon, a nine percentage point increase from five years earlier, notes Amazon CEO Jeff Bezos in his annual letter to shareholders. “Third-party sellers are kicking our first-party butt. Badly,” he wrote in the letter published Thursday. That growth […]

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