Half of America could have Amazon Prime by the end of the year
Publishing timestamp: 2016-09-26 15:54:52
Summary
Amazon's Prime membership program is growing rapidly, with an estimated 49 million members worth $143 billion over their lifetime. The company is on track to add 12 million new subscribers in 2016, with a goal of reaching 60 million U.S. households. Prime members are highly valuable to Amazon, spending more on the site and generating higher profits. The company's focus is now on converting non-Prime households into subscribers.
Sentiment: POSITIVE
Tickers: AMZN,
Keywords: business news, retail industry, amazon.com inc,
Source: https://www.cnbc.com/2016/09/26/amazon-prime-signing-up-members-at-a-faster-clip.html