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What's the latest on Amazon?
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<blockquote data-quote="35years" data-source="post: 1957976" data-attributes="member: 60822"><p><strong>And Vegas casinos lose money on the buffets.</strong></p><p>The streaming is an enticement to get them hooked on a Prime membership.</p><p>They retain 95% of Prime signups.</p><p>The average Prime member spends $1,200 on the site annually, compared to $700 for nonmembers.</p><p>This keeps consumers "in house"... Last year more than twice as many shoppers went directly to Amazon then to Google for product searches.</p><p></p><p><strong>Amazon's annual revenue skyrocketed from $6.9 billion in 2004 to $89 billion in 2014, and $107 billion for 2015, $129 billion 2016 (projected).</strong></p><p><strong>Compare that with UPS at $58 Billion. Yes Virginia, they are now larger than us x2! </strong></p><p>They have now surpassed Wal-Mart as the most valuable retailer (market valuation) in the world. <span style="color: #b30000">Amazon showed profits in 3 of the last 4 quarters</span> and their sales growth is unbelievable.</p></blockquote><p></p>
[QUOTE="35years, post: 1957976, member: 60822"] [B]And Vegas casinos lose money on the buffets.[/B] The streaming is an enticement to get them hooked on a Prime membership. They retain 95% of Prime signups. The average Prime member spends $1,200 on the site annually, compared to $700 for nonmembers. This keeps consumers "in house"... Last year more than twice as many shoppers went directly to Amazon then to Google for product searches. [B]Amazon's annual revenue skyrocketed from $6.9 billion in 2004 to $89 billion in 2014, and $107 billion for 2015, $129 billion 2016 (projected). Compare that with UPS at $58 Billion. Yes Virginia, they are now larger than us x2! [/B] They have now surpassed Wal-Mart as the most valuable retailer (market valuation) in the world. [COLOR=#b30000]Amazon showed profits in 3 of the last 4 quarters[/COLOR] and their sales growth is unbelievable. [/QUOTE]
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