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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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Here’s why Amazon’s Prime Day could become an annual event

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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July 17, 2015, 10:16 AM ET
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Love it or hate it, Amazon’s Prime Day could very well be here to stay. Sales from the day of flash sales and Black Friday-like deals helped the e-commerce giant push more products and make more money than on regular days. And while not all customers were pleased with the deals, Amazon (AMZN) sure was.

“Going into this, we weren’t sure whether Prime Day would be a one-time thing or if it would become an annual event,” said Greg Greeley, vice president of Prime, in a statement. “After yesterday’s results, we’ll definitely be doing this again.”

Ad Age reported that on July 15, which marked Amazon’s 20th anniversary, the site sold over 34.4 million items globally. That broke down to 398 items per second, which tops Black Friday sales.

The company also stated that order growth worldwide was up 266% over the same day in 2014. Sales were rose 18% above Black Friday 2014, the company’s previously biggest event of its type.

About the Author
By Benjamin SnyderManaging Editor
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Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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