Margin is not necessarily important. You would much rather be Amazon and take 50% of e-commerce at a small margin than be a SaaS with 80 +, but your market is inherently tinier.
Plus, the ads business built on top of retail is better than AWS and retail. AWS is great, but ads is higher margin, grows with retail, and is something you see across so many aggregators.
Margin is not necessarily important. You would much rather be Amazon and take 50% of e-commerce at a small margin than be a SaaS with 80 +, but your market is inherently tinier.
Plus, the ads business built on top of retail is better than AWS and retail. AWS is great, but ads is higher margin, grows with retail, and is something you see across so many aggregators.
https://s-1.vercel.app/posts/marketplaces-airbnb-future-foun...