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PSA: Amazon Will Increase Price of Prime To $119 (cnbc.com)
EzInKy writes: Effective on May 11, Jeff Bezos says the price of Prime membership will increase to $119 from $99. Now, as much as I have enjoyed the free shipping over these many years, I just don't believe that benefit outweighs the increased cost of membership. Existing Prime members will have until June 16 to renew their membership at the current $99 price-point, notes CNBC. In its first quarter earnings call, Amazon attributed the price increase to the service's rising costs, noting that this was its first price hike since March 2014.
While it is true that slashdot not supporting unicode is silly, to say that " requires unicode is bizarre. Just because Apple devices think they *must* use unicode to render " doesn't mean you need unicode to do "
XML is like violence. If it doesn't solve the problem, use more.
Just to be clear, the number of profit dollars more than doubled, not the profit margin . Revenue went up significantly as well, as you can imagine.
Net profit went from ~2% last year to ~3% this year. Unexpected oopsies can soak that up real quick.
Another fun way to think about it is that $1.6B net profit was about two tenths of one percent of Amazon's $738B market cap. Increase that by another 10-20x and they can actually start thinking about paying a dividend.