60% Of eBay Employees Bet Amazon Will Crash On Prime Day

Amazon created Prime Day in 2015 to leverage their brand to create their own holiday shopping event independent from Cyber Monday and Black Friday. Since then Prime Day sales have exploded into neck and neck competition with the collective rest of e-commerce sales on Cyber Monday.

crash on Prime Day

Despite their impressive growth numbers, Amazon‘s journey to the top has not been without incident. Last year’s prime day was marred with a crash that left users staring at dog photos instead of bargain hunting. Not one to miss an opportunity, eBay named their shopping holiday this year a “Crash Sale”.

[REITs]

Q2 hedge fund letters, conference, scoops etc

In solidarity with the competitive spirit of the upcoming marketing holidays, we hosted a competition between 4000 Blind users. We asked one simple question: Will Amazon crash again on Prime Day?

Here’s what we found:

  • Not feeling too confident – 30% of Amazon employees bet that there will be a crash
  • Do they know something we don’t? – 60% of eBay employees bet that there will be a crash
  • Don’t forget us! – Walmart and Wayfair predict at 47% and 42% respectively in favor of a crash
  • The general mood – 33% of the overall tech community predicts that Amazon will crash on Prime Day

eBay Prime Day

More survey details:

The survey ran from July 3 – July 5, 2019, and was answered by 4,222 users of the Blind app. Users could only answer once.

You can download the survey charts here.


About Blind

At Blind we’re on a mission to bring transparency to the workplace. Transparency results in voice and voice result in change, often for the better. That’s why we created Blind, an anonymous social network for working professionals. Our user base includes over 56,000 employees from Microsoft, 41,000 from Amazon, 18,000 from Google, 11,000 from Apple, just to name a few. With such a large user base of tech professionals, it makes it easy to quickly poll these employees about important and popular topics, such as satisfaction in the workplace.




About the Author

Jacob Wolinsky
Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Prior to ValueWalk, Jacob was VP of Business Development at SumZero. Prior to SumZero, Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver