Online stores suffer losses – except Amazon

Last week, Amazon said it would add 100,000 jobs worldwide to help...“support people in difficult times.” Despite the fact that the crisis plays into Amazon’s hands, the online platform’s competitors find themselves in a loss-making position.

Over the past few weeks, Amazon has receiveda record number of orders, mainly people are looking for essentials and hygiene products. According to Google Trends, the site is showing significant growth in traffic. 

It is worth noting that most competitorsAmazon is currently losing money. The store's main competitor – AliExpress – within a few days its popularity fell by 50%. Consumer interest in Asos and eBay fell by 32% and 14% respectively. 

Let us remind you that a patent was recently publishedAmazon, which describes a fundamentally new technology for point-of-sale terminals. With the help of these devices, customers will be able to pay for goods and services using the palm of their hand – with one wave of the hand. 

Based on materialsthenextweb.com