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Amazon expands its service that adds Prime badge to other sites - TL;DR CNBC

Amazon expands its service that adds Prime badge to other sites

Publishing timestamp: 2023-01-10 13:00:01


Summary

Amazon is expanding its Buy with Prime program, which allows retailers to add Amazon's payment and fulfillment services to their own sites. The program also allows merchants to display reviews from Amazon customers on their products. This move could create a new source of recurring revenue for Amazon. Additionally, Amazon is offering a new add-on to the program that lets merchants show reviews and ratings from their Amazon listings on their sites. This could put Amazon in direct competition with Shopify and BigCommerce.


Sentiment: POSITIVE

Tickers: BIGCSHOPAMZN

Keywords: shopify incbigcommerce holdings incinternetamazon.com incbusiness newstechnology

Source: https://www.cnbc.com/2023/01/10/amazon-opens-buy-with-prime-program-to-all-sites-as-growth-slows.html


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