DriveInDriveOut
Inordinately Right
I got an email this morning from Amazon saying when my prime membership renews it is going up from $79 to $99. It won't be renewed.Considering Amazon is now getting sued about their prime shipping and the people suing are trying to move it to a class action suit this would be a perfect time for UPS and Fed Ex to play there hand and stop giving discounts.
Amazon takes a loss on their shipping every year. Hell, they take a loss on everything since their founding. They are not a profitable company, they are an idea/concept that Wall Street is too stubborn to give up on.
They are using their grocery delivery concept to experiment with an Amazon owned delivery service. The experiment will fail, and in the end, UPS will continue to make billions.