Amazon Publishes Annual Letter
As of this writing, AMZN was a portfolio holding of Titan. This security may cease to be a portfolio holding at some point in the future.
Jeff Bezos released Amazon's annual Letter to Shareholders on April 18th. Most notably, Amazon disclosed for the first time ever that it has 100M paid Prime members globally. Color us impressed.
Some other great tidbits below:
Prime Free One Day delivery now in more than 8,000 cities and towns. Prime Now available in more than 50 cities.
Amazon Web Services (AWS): now a $20B annual revenue business.
Amazon Marketplace: More then 1/2 units sold on Amazon were from third-party sellers.
Amazon Music: Now has "Tens of millions" of paid customers; membership has more than doubled over the past six months.
Whole Foods: "We’ve also begun the technical work needed to recognize Prime members at the point of sale and look forward to offering more Prime benefits to Whole Foods shoppers once that work is completed."