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Amazon Stock Prediction: Two Reasons Why Amazon’s Stock Will Stay Above $1000

June 8, 2017

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

There are 80 million Prime subscribers and they fuel Amazon’s double-digit annual revenue growth. Most Prime subscribers are upper or middle-class citizens.
Bezos now wants to go after lower-income households. Amazon is offering a discounted $5.99/month Prime membership to those who are on government assistance.
Prime membership is all about building long-term loyalty from its customers. Even low-income people are worthy Prime subscribers.
Amazon has also been lending $1 billion to third-party vendors who sell goods on its online marketplace.
Helping third-party merchants succeed also benefits Amazon.