2 ms·
Yes. https://www.forbes.com/sites/petercohan/2023/04/28/amazon-stock-down-2-as-high-prices-slow-aws-growth/ https://www.forbes.com/sites/petercohan/2023/04/28/a
by graphe 3y ago
Yes. https://www.forbes.com/sites/petercohan/2023/04/28/amazon-stock-down-2-as-high-prices-slow-aws-growth/ https://www.forbes.com/sites/petercohan/2023/04/28/amazon-st...
>Amazon’s online store revenues have been decreasing and its results for the first quarter — $106 billion in revenue worldwide — were “roughly flat” as its U.S. market share growth in e-commerce and Prime “stalled after years of high growth,” according to the Journal. Its global e-commerce business reported a $300 million operating loss.
- radres 3y agoGlobal loss could be due to expanding FCs. Does not mean it is not a profitable business elsewhere.