Amazon's pandemic boom is over
What a difference a year can make. Roughly one year after pandemic-fueled buying spree pushed Amazon profits toThe company$116.4 billion in sales for the first quarter of 2021, an increase of just 7 percent from last year.
That stands in stark contrast to the 44 percent jump it saw this time last year. It’s also the slowest single-quarter growth the company has seen since 2001,The company attributed the slowdown to a number of factors, including effects of the pandemic and the war in Ukraine . The company’s
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