It is no secret that Amazon is one of the biggest online shopping and e-commerce sites in the world, with over 300 million active customers and 5 million third-party sellers. However, even with its growing success, the company is not without its fair share of controversy, as many customers have begun to derisively refer to it as ‘Scamaz’.
But why exactly is Amazon called ‘Scamaz’? In this article, we will explore what could be causing it to be dubbed as such, from customer dissatisfaction to exploitive practices.
To give some context, we will also look at some of the stats: Amazon had a staggering $280. 5 billion in revenue in 2020, and in the same year, its stock price rose 4
1%, outperforming the S&P500. So, let’s dive into the reasons why Amazon is called ‘Scamaz’, and what can be done to address it.
Why is Amaz called Scamaz?
Amaz is an online marketplace known for its wide range of products it offers. From clothing to electronics, Amaz is a one-stop shop for everything and more.However, despite its popularity, there is a persistent claim that the company is a scam or a so-called “scamaz”. In this article, we will explore the origin of this concept and help answer the question “Why is Amaz called a scamaz?
“
What is a scamaz?
First, let’s clear up a common misunderstanding – a scamaz or scam-azon is not necessarily a traditional scam.It does not necessarily imply that the company is defrauding its customers. Rather, it is a label used to refer to the deceptive actions of the company that may limit consumer rights. Examples of such actions include failing to deliver goods on time and using an automated customer service system that is unable to satisfactorily resolve customer complaints.
Why is Amaz Called a Scamaz?
In the past, there have been various complaints filed against Amaz for failing to deliver goods on time, not responding to customer complaints or for not providing refunds when requested.These have spurred the term “scamaz” to refer to the company and its practices in a negative light. Furthermore, the company’s marketing tactics have also drawn criticism from some customers. Some people have accused Amaz of using unfair tactics to sell its products, such as using data to target vulnerable demographics and inflating prices during peak sales times.
People also criticize Amaz for being a “monopoly” in the online market, as the company is one of the largest e-commerce giants. Last year, the European Commission launched an antitrust investigation into Amaz due to suspicions that it was using its market power to restrict its competitors. This investigation is ongoing and the results are yet to be seen.