A couple of developments are taking place in the e-commerce marketplace space which could turn into significant new competition for Amazon.com (AMZN). These could thus be relevant developments for Amazon.com, since the Amazon Marketplace is one of two major profit drivers (the other being AWS).
Amazon.com’s North American segment (which includes both 1P commerce and the 3P marketplace) contributed $2.25 billion in operating profit in 2019. This is slightly more than AWS’ $2.18 billion contribution. It’s arguable - from comparable eBay (EBAY) and Alibaba (BABA) segments - that the