More people are spending more money than ever on Amazon.com, but fewer seem happy about it. Both points were reflected in a recent survey conducted by RBC Capital Markets. In his report on the findings Monday, RBC analyst Mark Mahaney called Amazon “a structural winner” in the large shift to e-commerce spending driven by the coronavirus pandemic. The survey, conducted in May, reported a sharp rise in the number of Amazon customers who have made at least two-to-three purchases a month, as well as the number of those who claim...

Source: Wall Street Journal June 08, 2020 19:00 UTC