As Amazon's stock price soars and Bezos adds to his billions, affiliates face massive cuts
Found on The Register on Monday, 20 April 2020
Furniture and home improvement product commissions, for example, will drop from 8 per cent to 3 per cent. Beauty product commissions will be reduced from 6 per cent to 3 per cent. Grocery product commissions are dropping from 5 per cent to 1 per cent.
The company's market capitalization is now about $1.15tr and CEO Jeff Bezos's net worth has reached $138.5bn.
Amazon last month launched a $25m relief fund for employees and contractors with COVID-19 – that's 15 per cent of the $165m Bezos reportedly paid for a house in February.
Shopping at Amazon has lost it's value years ago when they decided to make the shop less and less useful. It would be better if they reduce the commissions to 0% and drive webmasters to better solutions.