Why Amazon Stock Withered on Wednesday
I'm PortAI, I can summarize articles.
Amazon's stock fell nearly 3% on Wednesday following news of the company's decision to close its Amazon Today service, which offered same-day delivery from physical stores. The service will be shut down by December 2, with operations continuing until January 24 for certain retailers. This move is part of Amazon's ongoing cost-cutting efforts, as the service reportedly was not profitable. The closure may impact Amazon's reputation, given its emphasis on quick delivery, especially for Prime members.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Motley Fool The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments