Prime Competitiveness 📦

Table of Contents

Prime Competitiveness

As a business, Amazon seems unreachable to its competitors, and that’s fair as there are legitimate antitrust concerns against the company. Competitiveness is still a thing in the free market economy though, and no business would exist if that was their mindset. Because of this, companies in the retail industry have started to change their businesses to bite off what was once theirs.

Amazon has had major success with its Prime membership program, which gives you shipping benefits along with access to their streaming platform among other features. To combat this, Walmart unveiled a deal with Paramount Global where subscribers of Walmart’s membership program would gain access to Paramount+, which currently has 43 million subscribers. This is an addition to Walmart’s “Walmart+” program that is aimed to compete with Prime, which now contains features like 6 months of Spotify Premium and free shipping on online orders. Morgan Stanley estimates that there are more than 15 million Walmart+ subscribers at the moment, although the exact number is unknown, and the subscription currently costs $98 per year. Amazon’s Prime service sits at $139 per year, but their features include a 1-year Grubhub membership, live sports streaming, and original content. Walmart is slowly getting there, but Amazon is working to ramp up their subscription as much as possible.

Other companies are starting to explore this business decision. Alphabet’s YouTube is looking to launch an online store for streaming services, and the other end of the deals are set to benefit too. Paramount will likely see more growth in the streaming market, and both industries will see increased competitiveness.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
Higher Rate Households 📈
27 September, 2023

The recent Fed decision to pause rates has left the federal funds rate at its highest level since 2000.

Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.