They're not bending the knee - this was their plan from before.
Considering this is the brainchild of Mosqueda and Sawant, it will obviously not reach actual small business. It will instead be siphoned off to different "organisations" who will put it in their coffers, fund more and more terrorism and only be dolled out to those who confirm their political bias.
Expedia seems like they're onboard, but it also sounds like they're not onboard.
The DSA is not on board, which is positive - “We continue to believe taxing jobs is bad public policy, and it’s especially ill-advised as we enter what is likely a deep recession and an unprecedented rise in unemployment,"
In regards to taxing Amazon - "Under that proposal, officials estimated the city could bring in about $500 million each year to go toward affordable housing and other issues."
Other issues means more graffiti, more "community right think patrols" and more "recovery" if their pet chimps freak out again.
Regardless, the comments are

encouraging and would give a good cross section of "silent" Seattle...