How Amazon, Costco, and Alphabet really make their money

Re:How Amazon, Costco, and Alphabet really make their money by smorks on Monday April 08, 2019 @02:55PM (#19608019)

am i missing something about costco?

the article says it got 3.1 billion in fees, and only 51,600 members (which seems really low). that means each member on average paid around $60,078 in yearly fees? that doesn't seem right?

maybe they meant 51,600,000 members, which then works out to the more reasonable $60.08 in fees?

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Re:How Amazon, Costco, and Alphabet really make their money by NikkiA on Tuesday April 09, 2019 @07:45AM (#19613629)

Yes.

The numbers appear to have come from:

http://phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol-SEC...

Which states 51,600 as the number of card holders, with the 'in thousands' obviously missed by the article writer.

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