Need help with margins.

Hi guys, noob here, wanted to ask something that I do not understand about side-margins in web design.

So basically why do most websites today have a narrow width (more margin on sides) and a very few have a widescreen design.

So my research tells me that it might be because the Devs want to simulate the mobile experience on desktop as well and might be doing it to create a more seamlessly aligned experience for the end user. Is it somewhat true?

Can someone please tell me in a little more detail about this?

Just to specify I'm taking particularly about marketplaces like Amazon

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