It turns out that raging inflation, closely followed by the Federal Reserve going on the warpath by rapidly raising rates in 2022, was terrible for both consumer confidence and Amazon's (NASDAQ: AMZN) retail business. At the same time, the Amazon Web Services (AWS) segment didn't fare much better, as companies expecting a downturn in the economy cut back on AWS cloud services to conserve cash in 2022. As a result of its primary two growth engines -- retail and AWS -- producing lackluster results, the company's consolidated fundamentals significantly deteriorated, and the stock dropped 50% last year. Read More...
It turns out that raging inflation, closely followed by the Federal Reserve going on the warpath by rapidly raising rates in 2022, was terrible for both consumer confidence and Amazon’s (NASDAQ: AMZN) retail business. At the same time, the Amazon Web Services (AWS) segment didn’t fare much better, as companies expecting a downturn in the economy cut back on AWS cloud services to conserve cash in 2022. As a result of its primary two growth engines — retail and AWS — producing lackluster results, the company’s consolidated fundamentals significantly deteriorated, and the stock dropped 50% last year.
