1/23/2023 0 Comments Monopoly tycoon term definitionThe rise of Amazon, and its overwhelming market dominance, has accelerated the collapse of traditional retail outlets. More than own a gun. And more than voted for either Donald Trump or Hillary Clinton last November. That’s more Americans than go to church every month. Today, nearly half of the nation’s households are enrolled in Prime. ![]() ![]() The sale has become a secular holiday, akin in its economic wallop and social ubiquity to Super Bowl Sunday or the Fourth of July. Prime Day is now an annual event last year it marked the largest sales day in Amazon’s history. The company received almost 400 orders per second-all on a single, ordinary day in the middle of summer. The event was astonishingly successful: Amazon made 34 million Prime sales that day, nearly 20 percent more than it had on Black Friday, the traditional post-Thanksgiving buying bonanza. Over the next 24 hours, starting at midnight, the company offered special discounts every ten minutes to the 44 million users of Amazon Prime, its members-only benefit program. On July 15, 2015, Amazon marked the twentieth anniversary of its founding with a “global shopping event” called Prime Day.
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