In this video, I will be going over Amazon's (NASDAQ: AMZN) third-quarter earnings report and explain why the stock crashed around 15% and why this is still one of the best investments one can make for the long term. Read More...
Bloomberg
Amazon Shares Plunge on Forecast for Sluggish Holiday Sales
(Bloomberg) — Amazon.com Inc., shocking Wall Street, projected the slowest holiday-quarter growth in the company’s history. The shares plunged about 12% in premarket trading.The Seattle-based company, which reaped record profits during the pandemic, said sales during the current period will rise just 2% to 8% as shoppers reduce their spending in the face of economic uncertainty. Either figure would be the slowest increase ever for Amazon’s “Peak” season, which usually finds warehouse employees
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