70% of Amazon's Annual Revenue Comes from American Consumers Who Pay $14.99/month for Prime

Written by linakhantakesamazon | Published 2023/09/28
Tech Story Tags: amazon-prime | e-commerce | amazon | big-tech | monopoly | amazon-monopoly | antitrust | ftc

TLDRBasically, regular American consumers are at the heart of Amazon's business model.via the TL;DR App

FTC v. Amazon Court Filing, retrieved on Sep 26, 2023, is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This part is 4 of 30.

DEFENDANT’S BUSINESS ACTIVITIES

15. Consumers pay $139 per year or $14.99 monthly to subscribe to Prime. Prime subscription fees account for $25 billion of Amazon’s annual revenue.

16. Approximately 70% of Amazon’s revenue comes from American consumers.

17. Subscribers are critical to Amazon’s overall ecommerce business because Prime subscribers spend more than (Redacted) as much shopping on Amazon as compared to non-Prime shoppers.

18. Consequently, one of Amazon’s primary business goals—and the primary business goal of Prime—is increasing subscriber numbers.

19. Within Amazon’s corporate structure, the Prime organization or department (“Prime Organization”) operates Prime. Amazon evaluates the Prime Organization’s performance based on the (Redacted).

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This court case 2:23-cv-00932 retrieved on September 28, 2023, from ftc.gov is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction.


Written by linakhantakesamazon | The youngest person to ever chair the FTC, Lina Khan rose to prominence from her 2017 book, "Amazon's Antitrust Paradox"
Published by HackerNoon on 2023/09/28