In many ways, online marketplaces are the perfect business model. Since they facilitate transactions between suppliers and customers rather than take possession of or full responsibility for products or services, they have low cost structures and high gross margins — 70% for eBay, 60% for Etsy. An
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Andrei Hagiu and Simon Rothman
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more
