MSTO stock’s performance for the past week has ranged from $0.0045 to $0.0280, and in that period, it has gained +350.82%. While the stock has traded between $0.0045 and $0.0280 in the past month, it has generated a move of +329.69%. In the past three months, this stock’s price has changed by +1,347.37%, trading in the range of $0.0018 to $0.0280.A Delaware-incorporated company called MasterBeat Corporation (OTC: MSTO) specializes in hard, tangible asset acquisitions and has an intense focus on precious metals, real estate, and other tangible assets.
WHAT HAS JUST HAPPENED?
A MasterBeat Corporation (OTC: MSTO) press release announced that on 9th March 2021, JTEC Autoworld, with Epicor, will integrate the sales, distribution and marketing strategies for its online automotive platform, www.jtecautoworld.com, with Amazon and eBay. JTEC will use the Amazon and eBay services to further its marketing, sales and exposure strategy as it expands the roll out of its automotive online platform.
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Auto Parts and Accessories continue to be a significant part of the Amazon business. Estimates suggest that Amazon could achieve a combined sales revenue of $10.3 billion from its 2020 auto parts and accessory sales, plus $1.9 billion in OEM replacement parts sales. Direct fulfillment by Amazon (FBA) sales of auto parts, often referred to as “1P sales,” resulted in most of the growth in auto parts sales over the previous years. Almost all of Amazon’s business is handled directly by manufacturers who supply the company directly or through warehouse distributors (WD). In 2020, it is estimated that Amazon’s automotive parts sales will reach $4.6 billion. Third-party sales through Amazon are known as “3P.” Amazon will likely make approximately $5.7 billion in 3P sales in 2020. eBay is expected to make $6 billion to $7 billion in 3P sales by 2020.
With more than 180 million consumers, eBay is second only to Amazon for audience reach. Combining JTEC AutoWorld’s exposure to the eBay platform, with Amazon’s, will help to expose JTEC’s products and technology to a wide range of consumers.