What's happened
Amazon Prime's increased advertising revenue and fastest-ever delivery times have led to a boost in sales and profit, surpassing expectations. Meanwhile, Spotify has faced backlash after announcing a second price hike for Premium subscriptions in a year, affecting millions of users.
Why it matters
Amazon's success in leveraging advertising revenue and improving delivery times highlights the importance of diversifying revenue streams and enhancing customer experience. Spotify's price hike underscores the challenges of balancing revenue growth with customer satisfaction amidst rising living costs.
What the papers say
Amazon's focus on advertising revenue and faster delivery times has propelled sales, with CEO Andy Jassy expressing optimism about future prospects. In contrast, Spotify's decision to increase Premium subscription prices has sparked criticism from subscribers facing financial constraints.
How we got here
Amazon's expansion into online television and film streaming, coupled with the introduction of advertising in Prime shows and films, has contributed to its revenue growth. Spotify's move to raise Premium subscription prices reflects the competitive landscape of streaming services and the need to sustain profitability.
Common question
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