Amazon (NASDAQ: AMZN) is one of the best-performing stocks of the last generation, but its 2022 returns are a reminder that past performance isn't a guarantee of future returns. It's shuttering once-promising businesses like Amazon Care and making cuts at Alexa after reports revealed that division is losing $10 billion a year. On the bottom line, losses in its non-Amazon Web Services (AWS) segments have widened significantly. Read More...
Amazon (NASDAQ: AMZN) is one of the best-performing stocks of the last generation, but its 2022 returns are a reminder that past performance isn’t a guarantee of future returns. It’s shuttering once-promising businesses like Amazon Care and making cuts at Alexa after reports revealed that division is losing $10 billion a year. On the bottom line, losses in its non-Amazon Web Services (AWS) segments have widened significantly.
