Amazon Rakes the Dough
The behemoth continues to grow and grow and grow........
Amazon’s record holiday sales send stock soaring toward $1 trillion valuation
Amazon.com Inc. defied its own disappointing forecast and returned to earnings growth in the holiday quarter with more than $3 billion in profit, sending shares soaring toward a $1 trillion valuation in the extended session Thursday.
Amazon Chief Executive Jeff Bezos disclosed in Thursday’s announcement that Prime members topped 150 million in the quarter, as delivery times were cut in half and free, two-hour grocery delivery was added to the benefits of the membership program. Bezos originally disclosed that Prime — which costs $119 a year or $12.99 a month — had surpassed 100 million members less than two years ago.
150 MILLION Prime members! Who would have ever guessed they'd reach this point when the novel idea/concept of Prime debuted way back in 2005?? (I can't believe Prime has been around 15 years already, even though it was quite juvenile then compared to what it is now.)
Raking in the dough. And delivering packages in 2 days! Sometimes 1 day!! Stunningly amazing how the Amazon empire gets all the logistics to work so seamlessly.
And the drones are coming........
Grace & Peace & Love to you all -
Matt
