One of the US largest online stores is planning to launch its own music streaming service. The new application will compete with such well-known companies as Spotify and iTunes. Amazon will offer subscribers a wide selection of songs for a low monthly fee of $9.99. The process will be completed by the end of summer. The new service will definitely increase the flow of customers, which will positively affect the company's profit.
The Amazon's shares have already risen by 0.64% and continue to actively increase in value. Traders have a good chance to earn money on the asset's further growth. Remember, that trading will be available during the American session, from 14:40 to 21:00 GMT time.
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