E-commerce is slowing, and the furious shopping spree for home offices and virtual schooling is probably coming to an end. Read More...
Motley Fool
Here’s Why Amazon Stock Plunged Today
As of 3:15 p.m. EDT, Amazon’s stock price was down more than 7%. Amazon’s net sales jumped 27% year over year to a staggering $113.1 billion, fueled by strong gains in its cloud computing and advertising businesses. Amazon’s “other” segment, which is mostly comprised of advertising-related sales, saw even more impressive gains, with revenue rising a blistering 87%.
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