It’s Not Surprising
Amazon has slowly been taking over and redefining the e-commerce world, pushing brick and mortar retail further and further into the past. So, it’s not all that surprising to hear the the company has more than 100 million Prime members. The news was reveled in the form of a letter from CEO Jeff Bezos to shareholders today. Bezos added that Amazon has shipped more than 5 billion items with Prime worldwide. As far as subscription-based services go, this puts Amazon right up there with Netflix and Hulu.
Hulu ended 2017 with more than 17 million subscribers, and Netflix just finished up Q1 with 125 million subscribers worldwide. That puts Amazon Prime subscriptions neck-in-neck with Netflix, the company that redefined what it means to live-stream. But, Amazon does have quite a bit more to offer than Netflix. For starters, Netflix is purely movies, TV shows and entertainment. Amazon is an e-commerce site that allows its Prime members services like two-day shipping on items purchased via Amazon, a massive streaming library of licensed fare and original series, as well as music and more in the works with companies like Whole Foods and Best Buy. The future continues to become brighter for the e-commerce giant.
-
Tesla is looking to spark interest in its most expensive models. In the last several months, prominent electric vehicle...
-
Prices dropped in Venezuela, Indonesia, Ecuador, Thailand, and more. Netflix has recently been feeling a major financial squeeze as...
-
The Rochester Regional Joint Board of Workers United filed a formal complaint against Tesla. Earlier this week, a group...
-
Uber is making a comeback from pandemic-era losses. This week, prominent ridesharing company Uber reported their earnings for the...
-
A strong Q4 report and new investments have GM on the right track. This morning, the largest automotive company...
-
The deal is rumored to amount to around $10 billion. This morning, Microsoft announced the latest development in its...
-
Cook’s target pay package will be dropped to $49 million. Tech giant Apple announced today that its CEO, Tim...
-
Even Amazon isn’t immune to the worsening economy. As the global economy remains in the grips of inflation and...
-
Economic woes are affecting the highest echelons of wealth. According to recent statistics released by Forbes, the world’s wealthiest...
-
The bank was fined for “widespread mismanagement” and “illegal activity,” according to the CFPB. Today, financial regulators from the...
-
Store employees are worried layoffs may follow a merger. Recently, two of the largest grocery supermarket chains in the...
-
Despite ongoing concerns, the US job market is moving in the right direction. The United States economy is still...