E-commerce giant Amazon only produced the top grade of their Fortune 500 for the first time. It also increased the price of its own Prime service from $99 a year to $119, and several analysts are optimistic about the change. In a note to clients, Doug Anmuth of all JPMorgan said,”We do not expect the company to get much push-back from customers given the rising value of their service”
The inventory has been growing in value too, so in case you had spent in Amazon early on, your investment will have paid off. Your first cost of $1,000 in 2008 will be worth greater than $20,000 as of May 25, based on CNBC calculations, or over 20 times too much, such as price volatility and appreciation gains reinvested.