iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,473 Blog Posts

AMAZON AIMS TO DESTROY $GRUB

The headquarter of the deflationary vortex can be found at Amazon. It’s only a matter of time before they assimilate all products and services into their manifest. They’re now taking aim at food delivery. Why? Well, because Jeff Bezos felt like doing it.

In September, Amazon debuted the service in Seattle and many speculated that the service was just an experiment. More recently the service has been available in Portland and just yesterday L.A. was added to the roster. The company is now planning to add restaurant delivery to everywhere Prime Now—its same day ordering platform which delivers direct from local vendors– is available.

So how does it work?

Prime Now has an annual $99 fee. It’s currently available in several major U.S. cities including Atlanta, Austin, Baltimore, Chicago, Dallas, Houston, New York, Miami, Minneapolis & St. Paul, Phoenix, San Antonio, and the San Francisco Bay Area. The service boasts a free two-hour delivery window but if a customer needs something in one hour a $7.99 delivery fee applies.

Will Amazon make money on this new venture?

Don’t be ridiculous. Bezos takes the Commodore Vanderbilt approach to capitalism. He competes to destroy his competitors. When they’re all washed away, Jeff will likely turn on the money faucet and turn Amazon into the world’s largest company.

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7 comments

  1. duckkell

    seems reasonable..

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  2. djmarcus

    Pretty cray cray

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  3. Marc David

    Might as well. I buy everything else from them. Dinner sounds good too.

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  4. Marc David

    Wife’s away for a business trip? Try Prime Now – AfterDark

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  5. nocturne

    …which will then be squandered by Jeff Bezos III who will be forced to work as a reporter for Business Insider!

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  6. traderconfessions

    Most food tastes crappy when delivered, particularly if its been riding in a van for an hour. But lazy fucks don’t deserve better.

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