Amazon is shutting down its Prime Now fast delivery app

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www.cnbc.com/2021/05/21/amazon-is-shutting-down-its-prime-now-fast-delivery-app.html

Amazon said it’s discontinue its stand-alone Prime Now app and website this year.

The service launched in 2014 as a way for Prime members to get one- or two-hour delivery on a range of goods, from household essentials and books to toys or groceries.

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Shoppers will still be able to get fast delivery on the Amazon app or site.

This is actually a good news. Some of my friends have been doing this before the pandemic and they said amazon is losing money due to this program. So Amazon is continually to focus more on the bottom line, and that consolidation from Sep 2020 until now cause the pe ratio dropped to a reasonable level. Investors should keep holding and consider adding more shares.

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