Market Evolution

Here’s a “gotta love the free market” story.

Amazon Marketplace, through which $300 billion of product was sold in 2020 by third-party retailers, would rank as the forty-second largest economy in the world by GDP. There are now so-called “roll-up” companies that are buying these mostly small third-party Amazon sellers, aggregating them into larger entities, thereby providing financial heft to further their growth. One such company, Acquco, is giving away $10 million worth of Teslas, one to anyone who refers a company that they end up buying.