Yes, online marketplace behemoth Amazon (NASDAQ: AMZN) ran into a wall of inflation during its first quarter of the year. The worry about this lack of profitability may be one of the key reasons Amazon share prices are down 37% just since late March. What this underlying doubt overlooks, however, is how Amazon's core business growth driver is no longer the selling of goods. Read More...
Yes, online marketplace behemoth Amazon (NASDAQ: AMZN) ran into a wall of inflation during its first quarter of the year. The worry about this lack of profitability may be one of the key reasons Amazon share prices are down 37% just since late March. What this underlying doubt overlooks, however, is how Amazon’s core business growth driver is no longer the selling of goods.
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