Amazon Has A Big Problem
For investors, Amazon’s first-quarter results in April were a shocker. The firm declared its first quarterly loss in seven years. Its first-quarter revenue growth, at just seven per cent, was its poorest for that period in about two decades.
Amazon’s revenues actually dropped three per cent in its core online businesses, including its flagship online general store. And revenue growth slowed in its subscription businesses, including Prime Video.
Amazon’s shares have plummeted in value by more than 40 per cent since Jassy became CEO. That’s a loss of more than $770 billion in shareholder value on Jassy’s watch.
An Amazon that has known only relentless growth in its 28 years must now shrink. But Jassy is a builder who turned Amazon’s cloud-computing service, Amazon Web Services (AWS), into the world’s largest provider before taking on his current job.
-
LIVE
Caleb Hammer
19 hours agoI Finally Lost My Mind | Financial Audit
187 watching -
12:39
Liam Reid
22 hours agoSnowmobile Water Skips Entire Pond!!
12 -
10:41
MYLUNCHBREAK CHANNEL PAGE
2 hours agoA Coded Narrative?
7885 -
LIVE
LFA TV
3 hours agoTIME TO FACT CHECK! | LIVE FROM AMERICA 9.11.24 11am EST
4,282 watching -
40:01
BonginoReport
4 hours agoKamala’s Shocking Slip-Up That Could Drive Away Millions Of Young Voters (Ep.40) - 09/11/24
68.3K155 -
1:36:47
The Podcast of the Lotus Eaters
5 hours agoThe Podcast of the Lotus Eaters #998
32K7 -
31:34
jeffahern
3 hours agoNever Woke Wednesday with Jeff Ahern (6am pacific)
15.3K2 -
8:02
Price of Reason
21 hours agoBeetlejuice Beetlejuice Review - It's A MESS!
25.6K21 -
13:33
Fascinating Horror
1 day agoA Train Crash at 120 Miles Per Hour: The Eschede Disaster | Fascinating Horror
42.8K5 -
10:28
Clownfish TV
19 hours agoUbisoft Investors FURIOUS After Star Wars Outlaws FAILURE!
38.7K14