Amazon’s purchase with Prime is a positive move, but the stock is still expensive
Workers load packages into Amazon Rivian Electric trucks at an Amazon facility in Poway, California on November 16, 2022.
Sandy Huffaker | Reuters
AmazonAMZN’s soon-to-be-widespread Buy with Prime service, which allows Prime members to use their Amazon accounts to shop at other online retailers, could be a profitable revenue channel for the e-commerce giant. However, Club Holding shares are still expensive, a high multiple compared to the broader stock market.