SoylentNews is people
SoylentNews
Amazon has reported that it has reached 100 million Prime subscribers worldwide:
The big numerical reveal on Wednesday was Amazon.com Inc. finally spilling the beans on the number of Prime members (more than 100 million). It also disclosed another number that shows how much it relies on an army of people moving physical merchandise around the world: $28,446.
That's the median annual compensation of Amazon employees. Amazon reported this number for the first time under a new requirement that companies disclose the gap between pay for the rank-and-file and the person in the corner office. (Amazon Chief Executive Officer Jeff Bezos, the world's richest person, reported total compensation of $1.68 million last year. As in prior years, he didn't take a stock bonus, collected a salary of $81,840 and had $1.6 million in personal security costs that Amazon covered.)
However, there's still more work to be done for the company to reach more Americans:
But that figure only gives a surface-level view into the success and current challenges of Amazon's loyalty program — chief among them, how to keep growing in the country where Prime is the most popular and the biggest money-maker: Right here in the U.S. [...] As of August 2016, 60 percent of U.S. households with income of at least $150,000 had Prime memberships, according to research from Cowen and Company. Compare that with around 40 percent of households that made between $40,000 and $50,000 a year, and just 30 percent of those who earned less than $25,000.
[...] In 2017, Amazon unveiled Amazon Cash, a way for shoppers who don't have credit or debit cards to load money into their Amazon accounts by handing over cash at partnering retail stores. In the process, one roadblock to shopping on Amazon for those without bank accounts was lowered.
Two months later, Amazon introduced a 45 percent discount to the Amazon Prime monthly fee for those shoppers who receive certain forms of government assistance; the service cost them just $5.99 a month. And just this March, Amazon added Medicaid recipients to the group eligible for that discount.
Related: Amazon Prime... For Medicaid Recipients
(Score: 1, Informative) by Anonymous Coward on Friday April 20 2018, @11:02PM (2 children)
Like what?
Every time I've checked, eBay is about the same (usually a hair more expensive, but nothing dramatic) than Amazon. There are auctions, of course, if you want to wait a few days and hope you get lucky, but in terms of "buy it now," not so much. I've never seen anything even 1/2 the price, let alone 1/5.
Do you have any concrete examples, preferably something we audience at home could search for right now?
(Score: 2) by Virindi on Saturday April 21 2018, @02:21AM (1 child)
I went back and checked a bunch of things that I had known in the past to be a big difference and, surprisingly, now Amazon seems to have most of them at a decent price. Third party seller competition seems to have really stepped up in the last couple years.
The high things are like, 20% more on Amazon, but it looks like that tends to be for cheap stuff. Still looks like you will pay a few bucks per item for the privilege of Amazon though for most items.
I guess things have changed.
(Score: 0) by Anonymous Coward on Tuesday May 01 2018, @11:10PM
Fair enough. Thanks for following up.