Breaking news

Amazon Crossed $2 Trillion In Market Capitalization For The First Time

by THEFUTURE.TEAM

June 28, 2024

Amazon reported a market capitalization of $2 trillion for the first time, becoming one of the few companies in the world to pass the milestone.

KEY FACTS

Amazon‘s market capitalization surpassed $2 trillion on Wednesday after its shares hit a record high of $193.
The online commerce giant joins Microsoft, Apple, Nvidia and Alphabet as the only public companies in the world worth $2 trillion or more.
Bank of America raised its price target on Amazon shares from $210 to $220, suggesting another 12% upside for the stock and a market capitalization of $2.3 trillion.

FORBES ASSESSMENT

The net worth of Jeff Bezos, Amazon’s founder and chairman, grew by nearly $6 billion on Wednesday, according to Forbes. Bezos’ net worth of $209 billion is the second largest in the world, trailing only Tesla CEO Elon Musk’s net worth of $219.2 billion. Bezos, who owns about a tenth of Amazon’s capital, is $35 billion richer than he was at the end of 2023.

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KEY STORY

Bezos’ growing wealth came on the heels of a rally in Amazon’s stock. Shares are up 27% year-to-date and 130% since the start of last year. Now led by CEO Andy Jassy, Amazon is among the most profitable companies in the first quarter, with a net income of $10.4 billion, a huge improvement from a loss of $3.8 billion in the first quarter of 2022 and a profit of 3.2 billion in the first quarter of 2023. In addition to Amazon’s growing profit, its stock is also getting a boost from broader investor interest in AI, with Amazon Web Services among the most recognizable AI products on the market. Amazon’s market value is set to grow by more than $400 billion in 2024, outpaced by Microsoft and Apple’s gains of more than $500 billion, respectively, and Nvidia’s $1.8 trillion hit.

The Future Forbes Realty Global Properties

Airbnb Unveils Reserve Now, Pay Later Option For U.S. Guests

by THEFUTURE.TEAM

August 15, 2025

Introduction

Airbnb has introduced an innovative payment solution designed to enhance user flexibility for U.S. travellers. The new “Reserve Now, Pay Later” feature enables users to secure a booking without an upfront payment, offering a streamlined cancellation process should plans change.

Flexible Payment Terms

This new option applies to listings that feature either flexible or moderate cancellation policies. Under a flexible policy, guests can cancel their reservation up to 24 hours before check-in, while a moderate policy offers no-fee cancellations until five days prior to arrival.

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Payment Timing and Reminders

Regardless of the cancellation window, guests are obligated to complete the full payment before the expiration of the free cancellation period. Airbnb ensures a smooth experience by sending timely payment reminders to avoid any last-minute issues.

Evolution of Airbnb’s Payment Solutions

This initiative builds on Airbnb’s previous forays into flexible payment structures. In 2018, the company offered a partial upfront payment model, and more recently, a collaboration with Klarna enabled guests to pay in four installments over six weeks. Such strategic advancements demonstrate Airbnb’s commitment to adapting and refining its payment solutions to meet evolving consumer demands.

Consumer Insight Driving Innovation

Airbnb’s decision to launch the “Reserve Now, Pay Later” feature reflects robust consumer demand, with recent surveys indicating that 55% of respondents prefer flexible payment options. Additionally, 42% noted missed opportunities due to payment complexities when coordinating with travel companions, underlining the need for simplified financial arrangements.

Conclusion

By enhancing payment flexibility, Airbnb not only broadens its appeal but also addresses critical customer pain points, reinforcing its position as a leader in the evolving travel market. This initiative exemplifies how strategic innovation can drive customer satisfaction in an increasingly competitive landscape.