European regulators are closely watching how Amazon uses its own sales data to potentially gain an unfair advantage over marketplace sellers. Margrethe Vestager, the EU commissioner for competition, recently said that, while there are no accusations against Amazon at this point, her department has started a "preliminary investigation" into how the company may be copying best-selling products by competitors.
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Investors should also know that the Amazon Prime-heavy subscription business surged 55% to reach $3.41 billion in Q2. Beyond shipping and delivery deals, users have access to Amazon Prime Video, which competes directly against Netflix (NFLX - Free Report) . The firm has reportedly committed to spend $5 billion a year on original and licensed content as the streaming war heats up.
Membership Sharing: Two adults living in the same household can create an Amazon Household to share certain Amazon Prime benefits. For more information, go to About Amazon Households. If you have a paid Prime membership under your personal account you can share your shipping benefits with your Amazon Business user account. Go to Amazon Prime and Business Accounts.
60 Minutes announced on December 1, 2013 that Amazon Prime Air was a possible future delivery service expected to be in development for several more years. In concept, the process would use drones to deliver small packages (less than five pounds) within 30 minutes by flying short distances (10–20 km) from local Amazon Fulfillment Centers. In the United States, the project will require the Federal Aviation Administration to approve commercial use of unmanned drones.
Still, there are companies competing — and winning — against Amazon. These 7 stocks aren’t necessarily fully Amazon-proof stocks just yet, as the battles rage on. But they should be considered by those investors looking for the best stocks to buy outside of AMZN — and by investors looking for companies who can lead any market, no matter the competition.
The company launched amazon.com Auctions, a web auctions service, in March 1999. However, it failed to chip away at the large market share of the industry pioneer, eBay. Later, the company launched a fixed-price marketplace business, zShops, in September 1999, and the now defunct partnership with Sotheby's, called Sothebys.amazon.com, in November. Auctions and zShops evolved into Amazon Marketplace, a service launched in November 2000 that let customers sell used books, CDs, DVDs, and other products alongside new items. As of October 2014, Amazon Marketplace is the largest of its kind, followed by similar marketplaces from Sears, Rakuten and Newegg.