Amazon to raise price of their Prime service by nearly 20%

You want inflation? Amazon can create inflation too.

Amazon has announced that they will raise the monthly cost of Amazon Prime from $10.99 to $12.99 per month. What’s two bucks?  Not much right?  Well it represents an 18.2% increase. That’s inflation. 

When you have a ton of subscribers to your Prime service (like Amazon) that is more revenues for the company. 

Of course the cost of the Prime customers may be more than what they thought. Hence the rise, but since when does Amazon have to care about profitability anyway?

Amazon stock is up $22 in premarket trading.  

I don’t know about you, but I will keep my subscription.  I also own some of their stock too.  Amazon earnings are scheduled to come out on February 1. 

Source link

Articles You May Like

London to Pre-NY Session Forex Livestream – 15 Sept 2020
How to Improve Your Trading Strategy for Higher Forex & Stocks Profits
Free Forex Trading Course For Beginners Market Makers Method
🔴 Watch Day Trading Live – September 15, NYSE & NASDAQ Stocks (Live Streaming)
Forex Trading for beginners – EXPLAINED – Step by step

Leave a Reply

Your email address will not be published. Required fields are marked *