How did this company lose billions? [Crew Review]

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Thrasio was one of the biggest Amazon aggregators during the pandemic. So how did it manage to lose billions of dollars in an e-commerce boom?

Its unsecured creditors say it’s because of “possible self-dealing, gross negligence, mismanagement, and breach of their fiduciary duties.”

This is why they’re asking the court to give them time to look at the company’s books before it concludes the Chapter 11 bankruptcy case.

Thrasio, on the other hand, attributes the losses to hiring too many employees, taking on too much debt to fund expansion and buying too much merchandise.

Read the full story.

Perfect Pricing? Profasee.

That’s really it.

This Week's Trending Product: Octobuddy

The latest buzz in the world of social media accessories is all about the Octobuddy, an innovative phone holder known for its suction cups that easily stick to smooth surfaces. The reason behind its skyrocketing popularity? A mix of celebrity endorsements, influencer showcases, and a TikTok craze that's turning heads.

Octobuddy has seen a remarkable 478% year-over-year growth, with a notable 33% increase just in the past month.

Octobuddy product page at Amazon.com

For more insights into trending products, don't miss out on exploring EcomCrew's new beta Trending Product Database at products.ecomcrew.com.

Top Third-Party Amazon Sellers

Pattern continues to be the top third party seller on Amazon followed by Utopia Deals and Anker Direct. Orva stores continue to grow though. See the full list.

Top Seller Spotlight: Orva Stores



Orva Stores is a top 10 Amazon seller that started in the 1940's—yes, the 1940s! They opened a 5,000 sqft shop in the Upper East Side of Manhattan. They realized where the puck was going, and in 2010, they shifted from brick-and-mortar to e-commerce. 

See more Top Sellers in the EcomCrew Top Sellers Report.

24.7% of Sellers Are Chinese

The number of third party sellers based in China remains steady at about 24.7%. Here’s how it compares with US sellers.

Etc.

The AI investment. Amazon is partnering with NVIDIA and two universities for further AI research. The 10-year collab will cost the company $25 million.

It’s still here. Amazon sellers continue to have problems with bogus returns, getting trash in exchange for refunds.

Vids. Google’s video creation app can make everyone a “great storyteller” using the power of AI. Or so it claims.