Amazon's unruly third-party marketplace now sells more stuff than Amazon itself

Alberto E. Rodriguez  Getty Images

We no longer must infer anything, with Amazon CEO Jeff Bezos clearly stating in the annual shareholder letter Amazon sends out that the company has 100 million paid Prime members.

Bezos says that 2017 was Prime's best year yet with more new members joining than ever before. Previous estimates by outside analysts pegged the number at 90 million in 2017. "Focusing on Prime membership is an excellent strategy for Amazon".

In a statement, Amazon said all its marketplace sellers "must follow our selling guidelines and those who don't will be subject to action including potential removal of their account".

Bezos also bragged about Amazon's recent marketing campaigns, including its Prime Day event in July. Amazon has always done this with numbers for its Prime service.

Members who subscribe to Amazon Prime receive the main perk of getting free two-day shipping on eligible Amazon.com purchases. "To achieve high standards yourself or as part of a team, you need to form and proactively communicate realistic beliefs about how hard something is going to be - something this coach understood well", Bezos writes.




Prime Now, the two-hour delivery service for groceries, was also expanded to 50 cities worldwide across nine countries.

Bezos noted the milestone in his annual shareholder letter, published Wednesday.

Amazon also expanded its slate of programming across the globe, with new seasons of "Bosch" and "Sneaky Pete" from the U.S., "The Grand Tour" from the United Kingdom - hosted by the former team from BBC's "Top Gear" - and "You Are Wanted" from Germany.

Amazon CEO Jeff Bezos arrives for the premiere of "The Post" on December 14, 2017, in Washington, DC. It also accounts for the most positive index points in an otherwise lackluster day for the S&P 500, which fell 15.51 points to close at 2,693.13.

Bezos believes that high standards are teachable and once it is embedded in an organization, it becomes contagious and spreads among members. An American entertainment company, Netflix reached 125 million subscribers worldwide, charge around $120 for its video-streaming service. Amazon's letter likewise boosted the company's share price, which has taken a hit in the past month over reports that President Donald Trump wants to "go after" it with taxes and antitrust regulations and his tweets about its relationship with the U.S. Postal Service.

Related news:

Hot News

isis-killer-beheading-video-story-top Nikkei hits 7-week high on relief over US-Japan summit outcome
Apr 20, 2018 - 00:58
Trump said he was working to reduce the $56.1 billion USA trade deficit with Japan by pushing to remove barriers to US exports. Trump said it was clear from their talks that the abductee issue is "one of the truly most important things on Shinzo's mind".

isis-killer-beheading-video-story-top Resource stocks rally as oil surges, bonds suffer
Apr 20, 2018 - 00:58
Japan's Nikkei faded late in the day to end up 0.15 per cent, but basic materials and utilities both climbed more than 2 per cent. Commercial crude oil inventories in the U.S. fell by 1. 1 million barrels for the week ending April 13, data from the U.S.

isis-killer-beheading-video-story-top Morgan Stanley (MS) Now Covered by Analysts at Sanford C. Bernstein
Apr 19, 2018 - 02:06
The Lombard Odier Asset Management Switzerland Sa holds 406,391 shares with $21.32 million value, up from 242,391 last quarter. The corporate logo of financial firm Morgan Stanley is pictured on the company's world headquarters in NY , U.S.

isis-killer-beheading-video-story-top State of the Air
Apr 19, 2018 - 02:05
This combined exposure led to one in four air pollution deaths in India, and almost one in five in China, the report finds. Particle pollution, also known as soot, comes largely from diesel engines and wood-burning stoves and fireplaces.

isis-killer-beheading-video-story-top Golovkin Mocks Alvarez Tainted Meat Claim
Apr 19, 2018 - 02:03
Alvarez held a news conference earlier this month and explained how tainted meat is the reason he can't fight Golovkin next month. The NAC ruled that Alvarez did not intentionally inject Clenbuterol.

isis-killer-beheading-video-story-top Turkish President Recep Tayyip Erdogan calls for early elections in June
Apr 19, 2018 - 02:01
The law grants the High Electoral Board the authority to merge electoral districts and move ballot boxes to other districts. In his 15 years of rule, Erdogan has transformed a poor country at the eastern edge of Europe into a major emerging market.

isis-killer-beheading-video-story-top United Kingdom inflation falls to lowest in 12 months
Apr 19, 2018 - 01:59
United Kingdom inflation slowed to a one year-low in March, diminishing scope for a rate hike in May as markets widely expect. Inflation dropped to 2.5% in February, giving consumers feeling the pinch some welcome relief.

isis-killer-beheading-video-story-top Aseemanand acquitted in Mecca Masjid blast case. Judge resigns soon after verdict
Apr 19, 2018 - 01:57
Meanwhile, the Special NIA judge, who on Monday delivered the verdict in the 2007 Mecca Masjid blast case , has resigned . Seven years down the line and after examining over 200 witnesses the judge Janardhan Reddy acquitted all the five accused.

isis-killer-beheading-video-story-top Ariana Grande Teases New Music Ahead Of Manchester Attack Anniversary
Apr 19, 2018 - 01:56
Ariana Grande has teased that new music is on the horizon, amid rumours she's about to make a return to the music scene. Ariana Grande's record label hosted a listening party for her new song and it left the room in tears.

isis-killer-beheading-video-story-top Surgery for Manchester City star Aguero
Apr 18, 2018 - 00:43
But he was unable to train in the build-up to the second leg of City's Champions League quarter-final against Liverpool on April 10.

isis-killer-beheading-video-story-top Falcon 9 launch timeline with TESS
Apr 18, 2018 - 00:40
It was proposed two years later as an important NASA mission and eventually approved in 2013. TESS, the Transiting Exoplanet Survey Satellite , is shown in this photo.

isis-killer-beheading-video-story-top Stormy Daniels' Sketch Sure Looks Like Her Husband
Apr 18, 2018 - 00:38
Daniels is now suing Trump and Cohen over the nondisclosure agreement she signed in 2016 in exchange for $130,000 in hush money. She'd put herself in a position, Daniels explained, where it seemed like " more trouble to say no" to Trump's alleged advances.

isis-killer-beheading-video-story-top Spring storms dump snow and ice on central U.S. , hampering travel
Apr 18, 2018 - 00:36
In the Midwest, winter isn't going quietly, dropping up to 20 inches of snow in parts of South Dakota, and 19 inches in Wisconsin. This was an incredibly fast moving tornado (moving at 60 mph) with winds estimated at 105 miles per hour , the rating is an EF-1.

isis-killer-beheading-video-story-top 'India expected to grow at 7.4% in 2018'
Apr 18, 2018 - 00:30
In its January upgrades, the International Monetary Fund forecasted a 4.3 percent growth for Turkey in 2018 and 2019 for each. "Continuing to power the world economy's upswing are accelerations in investment and, notably, in trade", he said.

isis-killer-beheading-video-story-top Swedish PM Breaks Protocol To Welcome Modi At Airport
Apr 18, 2018 - 00:21
PM Modi's itinerary in Sweden: The prime minister will hold bilateral talks with his Swedish counterpart on Tuesday. India and Sweden on Tuesday chose to embolden their defence and security cooperation during the Indo-Nordic summit.