In its, thus far, storied history, one thing critics have long pointed out is that despite the hype, Amazon almost never turns a profit. Now, after disappointing fourth quarter earnings, Amazon is finally considering raising prices by as much as 50 percent on its $79 Prime shipping program.
“Shipping costs have gone up a lot, fuel costs have gone up a lot,” said Amazon’s chief financial officer.
If the price ends up being raised, many investors and skeptics will be keeping a close eye on how loyal customers who are used to cheap on-time shipping, will react. Read more at The New York Times.
{Andy Heller-Matzav.com Newscenter}
Re. the above reference to The N.Y. Times:
Considering the negative attitude of The New York Times toward Israel and toward religious Jews, Matzav.com should seriously consider joining Jews in boycotting that self-proclaimed “newspaper of record.”
As their real motto is “If the news fits our political agenda we print it” — their front page often has an anti-Semitic undertone.