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0x11C3P t1_j253u32 wrote

Reply to comment by Kind-Relationship559 in Amazon lost half its value this year as tech stocks got crushed and recession fears grew by predictany007

Sure. But people are getting rid of their prime status or sharing it.

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Rico_Stonks t1_j25z6ar wrote

More Americans have prime than go to church, and it continues to grow. At this point prime for households is like Microsoft office for businesses, very sticky.

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reditor75 t1_j25hl66 wrote

Or not having one ever like me img

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newebay t1_j26342p wrote

I don't get prime account. My deliveries are free anyway and seemingly just as fast

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RedSpikeyThing t1_j294f1a wrote

It depends on your location. Mine are neither free nor speedy, so prime is helpful.

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ChemDude999 t1_j284c7v wrote

I don't think that's the case at all. I talk about this frequently with friends and NO ONE is trading in their prime account. You get too much bang for your buck with streaming, shipping and deals. Trust me, a few of my friends are dirt poor and should probably focus on their necessary bills instead. Now Netflix, that's a different story. Especially after Cuties and all the social movement stuff (BLM/LGBTQ+) people are dropping it more frequently compared to Amazon prime. Not saying it's right or I agree with their choices (not debating), but it's simply a fact that I've personally observed. The reason I bring it up is because I know a few people who are very much AGAINST those movements, and even then when Amazon was really pushing it all they never opted out of their prime membership.

My advice, LONG calls on Amazon. Once the economy levels out and we see growth again, that shit'll bounce up pretty high. Maybe not covid high for a while, but I could see a 25-50% from current levels easily.

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wotton t1_j28tacd wrote

Amazon will rally in 23. It’s a staple of the economy. This valuation will look so cheap in 2 years.

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