American consumers are worrying more about Amazon's power, a new CNBC survey finds. (via CNBCMakeIt)
According to the latest CNBC|SurveyMonkey Small Business Survey, one in five people shopped on Prime Day 2019, which was July 15–16. That's less than half of the 44% of people who last November said they were planning toon another retail holiday: Small Business Saturday 2018.
Results from the second quarter of 2018 fall squarely in the middle, with 47% of people saying Amazon is bad for small businesses and 28% saying it's good for small businesses. This indicates a steady slide toward pessimism rather than a dramatic drop-off caused by one particular event. What's driving this shift in public sentiment?For one thing, the company has faced criticism from some prominent politicians — particularly President Donald Trump.
For the record, Republicans and Democrats are about equally likely to say Amazon is bad for small businesses , so the downward trend over the past two years holds across party lines.
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