Amazon is one of the most dominant e-commerce platforms. The company is going through a not-so-good time currently as it has started to face antitrust scrutiny issues; it is not sharing any of the company's details shared some interesting information with the public. Late year, Amazon's founder and CEO, Jeff Bezos, shared that the third-party sellers at Amazon have made 58% of the company's total physical gross merchandise sales in 2018.
Bezos, in the following regard, wrote a letter to the shareholders to humblebrag the third-party sales. From 1999 to 2018, Amazon's third-party sales have grown way faster than eBay's physical gross merchandise. From $0.1 billion in 1999 to $160 billion in the year 2018, third-party sales have incredibly beaten the first-party sales.
Amazon is one of the best platforms for independent third-party sellers, and that is what pushed it into trouble in Europe. However, the European Commission is investigating whether Amazon follows the EU competition rules regarding the use of sensitive data of its independent sellers or not. EU doesn't hesitate to confront tech giants and has already imposed a fine of billion dollars on Microsoft and Google in recent years. Amazon can also face a penalty of billion dollars if it violates any of the competitive rules.
