WEBVTT

00:00:00.009 --> 00:00:03.508
Elsewhere. Costco no longer allowing membership card sharing and

00:00:03.519 --> 00:00:06.828
Costco employees now have to verify that their name on

00:00:06.839 --> 00:00:09.909
their membership cards match the name of the person at

00:00:09.919 --> 00:00:12.288
the. Check out those changes come as the company

00:00:12.300 --> 00:00:14.859
moves to stop card sharing in what's being called a

00:00:14.868 --> 00:00:19.019
Netflix style crackdown on unauthorized users. In a statement

00:00:19.030 --> 00:00:20.969
to insider, Costco says that we don't feel it's

00:00:20.978 --> 00:00:24.513
right that members received the same benefits and pricing as

00:00:24.524 --> 00:00:29.734
our members back in 2022 76% of Costco's$5.8 billion

00:00:29.745 --> 00:00:33.615
net profit came from those memberships. Hannah. Absolutely

00:00:33.625 --> 00:00:36.944
amazing. I think Costco is one of those brick

00:00:36.954 --> 00:00:39.375
and mortar stores that actually didn't see a huge decline

00:00:39.384 --> 00:00:41.834
during the pandemic and haven't seen too many lay offs

00:00:41.844 --> 00:00:43.185
. So we'll continue to watch that.

