From Nasdaq:

Amazon stock tumbles after TikTok plays the heavy, but is the threat real or imagined?

On Thursday Amazon’s stock fell by 3% and remained down by 1.5%. TikTok’s lucrative ad sales disparities are driving speculation it might grow to 3% the size of Amazon annually. TikTok’s growing about 1,000% per year. However, according to data from S&P Global Market Intelligence, Amazon’s sales averaged only 20% growth over the last five years. So maybe TikTok’s not growing 50 times faster than Amazon. An important point to consider – TikTok’s only charging its sales commissions at half of the price Amazon charges its Marketplace customers ~ it’s bound to gain.



Read more: Why Amazon.com Stock Just Dropped