People have been home – and people have been shopping online. According to a new report, for the month of April, ecommerce sites saw online shopping traffic surpassing last year’s Black Friday – every single day.
The report done by marketing data platform PriceSpider says, since the beginning of last month, online shopping traffic has consistently surpassed Black Friday. Overall, it grew 108 percent over the year’s average.
Retail will see a global loss of $2.1 trillion in 2020 because of the coronavirus pandemic. At the same time, Amazon says that its Q1 revenue increased by 21 percent over last year, from more than $59 billion in 2019 to more than $75 billion this year.
This is all happening as a heated conversation explodes online about a projection that Amazon founder and CEO Jeff Bezos could become the first trillionaire by 2026. While Bezos’ stock rises, his workers are expecting the company to cut their coronavirus wage increase and overtime pay next month.
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