Amazon vs. Small Business
Do you ever feel that websites such as Amazon.com are out to get your small business? If so, you will not be reassured when you learn about the smart phone app Amazon introduced as a promotion last week. The app encouraged customers to compare prices from local retailers and the website.
The app was only available on December 10th, but many small businesses are still livid and worried about similar promotions Amazon may run. Consumers were able to report to Amazon prices they found in stores. and then receive a 5% discount when they purchased the items on Amazon.
“Incentivizing consumers to spy on local shops is a bridge too far,” said Senator Olympia Snowe of the Small Business Committee.
Online retailers pose a large threat against small businesses, especially this time of year, even without promotions like the one introduced by Amazon last week. Do you think that it was wrong of Amazon to run this promotion?