Business Briefs: Amazon Prime, Tesla, Cardi B

Business Briefs: Amazon Prime, Tesla, Cardi B

"In 2017 Amazon shipped more than five billion items with Prime worldwide, and more new members joined Prime than in any previous year - both worldwide and in the U.S", Bezos said in his annual letter to shareholders, which was published Wednesday. Obviously, we can guess that Prime has been a big win for Amazon, but the fact that the company has never shared specific subscriber numbers means it's impossible to know just how successful it's been.

In another first, the company revealed the median annual pay for Amazon workers other than Bezos was $28,446 for 2017, according to Bloomberg.

After acquiring the food retailer, Amazon conducted two rounds of price reductions at Whole Foods Market and introduced free two-hour delivery on orders over $35 for Prime members in select cities while adding pick-up lockers for Amazon purchases. For Amazon Prime Videos, Bezos wrote, "We've expanded our slate of programming across the globe, launching new seasons of Bosch and Sneaky Pete from the US, The Grand Tour from the United Kingdom, and You Are Wanted from Germany, while adding new Sentosha shows from Japan, along with Breathe and the award-winning Inside Edge from India". In a letter to the shareholders, Chief Executive Jeff Bezos has stated its Prime program is now $100 million strong. Once they have access to Prime Video, they have less incentive to sign up for other streaming video offerings.

The letter praises Amazon's corporate culture, with Bezos maintaining that high standards are "teachable".

Tesla Temporarily Suspends Model 3 Production Again
Also, there are 1 buy, 1 sell and 3 strong sell ratings, collectively assigning a 2.76 average brokerage recommendation. Based on the reports from the vehicle owners, it would appear that Tesla's estimates are rather conservative.

Analysts see Bezos' admission on subscriber numbers as proof that Amazon has been able to sell Prime overseas and replicate the success seen in the USA with Prime.

"In every country and every sector where we employee people, we offer highly competitive wage and benefits such as company stock, health insurance and retirement savings, innovative parental leave, and training for in-demand jobs through our Career Choice program", the company said. "High standards are contagious".

"2017 was our best year yet for hardware sales", Bezos wrote. And the company is betting the Alexa voice-activated platform will become the next wave of interactions between people and devices, supplementing the computer mouse and touch-screen interfaces.

Amazon Web Services, a $20 billion revenue run rate business, accelerated its growth and pace of innovation, especially in new areas such as machine learning and artificial intelligence, Internet of Things, and serverless computing.

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