ClaimsJeff Bezos

“Third-party sales have grown from 3% of the total to 58%.”

Jeff Bezos, Amazon CEO, shareholder letter April 2019 2018 Letter to Shareholders (Amazon IR) archived copy

Factual Economics and markets

Third-party sellers' share of physical gross merchandise sales on Amazon has grown from 3% of the total to 58%.

Resolved true The record shows it happened or was so.

Factual: Statements about the present or the past, checked against the record: did they hold up?

The second judge would not resolve this claim; the verdict shown is the first judge's.

Said for an organisation they lead or work for; it counts on both records.

What would count as true or false

TRUE: Amazon's published figures (its shareholder letters, filings or official statements) show that third-party sellers' share of physical gross merchandise sales was about 3% in 1999 and 58% in 2018. MOSTLY TRUE: both endpoints hold within about 2 percentage points, or one endpoint year is off by a year. MOSTLY FALSE: the figures are real but measure something different from the claim, such as units rather than gross merchandise sales, or a different period, so the claim as stated misrepresents them. Mostly false also applies if one endpoint is off by more than a few points. FALSE: the evidence shows that the third-party share in 2018 or in 1999 was materially different, more than 5 points from the claimed figure.

Set before the research began.

Evidence (3)

  1. E1 Here's Jeff Bezos' annual shareholder letter CNBC · 11 April 2019

    “1999 3% 2000 3% 2001 6% 2002 17% 2003 22% 2004 25% 2005 28% 2006 28% 2007 29% 2008 30% 2009 31% 2010 34% 2011 38% 2012 42% 2013 46% 2014 49% 2015 51% 2016 54% 2017 56% 2018 58%”
  2. E2 Amazon: Third-Party Sellers are Kicking our First-Party Butt Seattle Business Magazine · 11 April 2019

    “The percentage of merchandise sold by independent third-party sellers on Amazon.com has increased markedly the past 20 years and now represents 58 percent of gross merchandise sales, CEO Jeff Bezos wrote in his annual letter to shareholders.”
  3. E3 Amazon: Third-Party Sellers are Kicking our First-Party Butt Seattle Business Magazine · 11 April 2019

    “In 1999, third-party sellers represented just 3 percent of sales, or $1.6 billion.”

Reasoning

CNBC's reproduction of the 2018 shareholder letter [E1] gives a year-by-year series that starts at 3% in 1999 and reaches 58% in 2018. Seattle Business Magazine [E3] reports that the letter puts third-party sellers at 58 percent of gross merchandise sales. The same magazine [E4] says the figure was 3 percent in 1999. Both independent outlets give 3% for 1999 and 58% for 2018 [E1][E3][E4], and E3 identifies the 58 percent figure as a share of gross merchandise sales, so under the criteria the claim resolves true.

Cite this claim

Jeff Bezos, “Third-party sellers' share of physical gross merchandise sales on Amazon has grown from 3% of the total to 58%.” (said April 2019). Verdict: resolved true. Reliability API, claim c_14f1df90d235, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_14f1df90d235

This claim is in dataset release v1.1.2, with the same verdict.

Reply to this claim

For Jeff Bezos, or someone speaking for them: a correction or counter-evidence. Replies are read before anything is shown; an approved reply shows your name, role, date, statement and link. Your email address is never shown and is deleted 30 days after the decision (privacy).

More factual claims by Jeff Bezos

  1. Mixed Factual 6 October 2025
    “But we did get a couple of life saving drugs.”

    A past bubble, in which the companies as a group lost money, still produced a couple of life-saving drugs.

  2. Mostly true Factual 6 October 2025
    “It’s a perfect example that all of that fiber, fiber optic cable that got laid and by the way, the companies who laid all that cable went out of business.”

    The companies that laid fiber optic cable during the Internet bubble went out of business, going bankrupt.

  3. Resolved true Factual 6 October 2025
    “Amazon stock in a very short period of time went from $113 a share to $6 a share.”

    In 2000, when the Internet bubble burst, Amazon stock fell in a short period from $113 a share to $6 a share.

  4. Mostly true Factual 15 April 2021
    “More than 1.9 million small and medium-sized businesses sell in our store, and they make up close to 60% of our retail sales.”

    More than 1.9 million small and medium-sized businesses sell in Amazon's store and make up close to 60% of its retail sales.

  5. Resolved true Factual 15 April 2021
    “Our net income in 2020 was $21.3 billion.”

    Amazon's net income in 2020 was $21.3 billion.

All of them

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