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Amazon Drops 50% – Darlinez News.

<p> &lbrack;ad&lowbar;1&rsqb;<br &sol;>&NewLine;<&sol;p>&NewLine;<div>&NewLine;<div class&equals;"entry-content column content primary is-two-thirds">&NewLine;<div class&equals;"" style&equals;"padding-bottom&colon; 10px&semi;">&NewLine;<div class&equals;"">&NewLine;<p>&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<span class&equals;"tag is-dark is-uppercase">Retail<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;p>&NewLine;<div class&equals;"byline-container">&NewLine;<div class&equals;"post-date is-italic has-text-grey is-size-7 has-text-weight-medium ">&NewLine;<p>January 1&comma; 2023 9&colon;24 am<&sol;p>&NewLine;<p>Last Updated&colon; January 1&comma; 2023 11&colon;26 am<&sol;p>&NewLine;<&sol;p><&sol;div>&NewLine;<&sol;p><&sol;div>&NewLine;<&sol;p><&sol;div>&NewLine;<&sol;p><&sol;div>&NewLine;<&sol;p><&sol;div>&NewLine;<p>Amazon shares have fallen by half in the last year&period; This compares to a 33&percnt; drop in the Nasdaq&period; While its cloud business remains the largest and most profitable in the US&comma; its e-commerce operations are in shambles&period; The stock’s short-term direction will be determined by how well Amazon&period;com did over the holiday season&comma; which is the time when this part of Amazon has the most revenue&period;<&sol;p>&NewLine;<p>Amazon Web Services &lpar;AWS&rpar; had revenue of &dollar;20&period;6 billion in the third quarter and an operating income of &dollar;5&period;4 billion&period; That puts it well ahead of rivals Microsoft&comma; Google&comma; Saleforce&period;com&comma; and Oracle&period; The number of corporations that will move to the cloud will continue&period; Data that is stored in the cloud is more secure&period; Cloud storage operations like AWS are usually less expensive than when companies create small &OpenCurlyDoubleQuote;clouds” for their storage operations&period;<&sol;p>&NewLine;<p>Amazon’s e-commerce business underperformed last quarter&period; In North America&comma; it lost &dollar;412 million on revenue of &dollar;78&period;8 billion&period; Its international e-commerce business lost &dollar;2&period;5 billion on &dollar;27&period;7 billion&period;<&sol;p>&NewLine;<p>Amazon expects fourth-quarter revenue growth of as little as 2&percnt; year over year&period; It may post no operating income&period; Its management blamed …COVID-19 pandemic&comma; fluctuations in foreign exchange rates&comma; changes in global economic and geopolitical conditions and customer demand…” However&comma; the real villain is expenses&period; New CEO Andy Jassy’s ability to keep costs down has been wanting&period; He should reasonably feel that his job is on the line&period;<&sol;p>&NewLine;<p>Amazon aggressively expanded during the worst of the pandemic&comma; as people had more and more of the goods they used delivered instead of bought in stores&period; As that trend has dropped&comma; Amazon’s cost base has fallen less quickly&period; The result is a drop in margins&period;<&sol;p>&NewLine;<p>Amazon Prime Video also faces hard challenges&period; It was arguably the largest streaming service along with Netflix&period; Aggressive challenges from Disney&comma; the former Warner properties&comma; and Apple have made the likelihood it can hold its position and profitability less certain&period;<&sol;p>&NewLine;<section id&equals;"email-subscribe" class&equals;"section section-email-sub single-email-sub"><&excl;-- div&period;svg-icon --><&sol;p>&NewLine;<div class&equals;"container">&NewLine;<div class&equals;"subscribe-message" style&equals;"line-height&colon; 1&period;3&semi;">&NewLine;<p>Get Our Free Investment Newsletter<&sol;p>&NewLine;<&sol;p><&sol;div>&NewLine;<&sol;p><&sol;div>&NewLine;<&sol;section>&NewLine;<p>Amazon’s stock may recover some if it has strong holiday sales&comma; but it won’t double back to previous highs&period;<&sol;p>&NewLine;<p>&Tab;&Tab;&Tab;&Tab;<&excl;-- &num;post-footer--><&sol;p><&sol;div>&NewLine;

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