SHOCKING lack of innovation at Amazon....and they will go bust because of it!

Most people know Amazon as the website that changed online purchases forever. However, it has many divisions and subsidiaries, and none of them are doing exceptionally well at the moment. In fact, in 2022, its net income was a disturbing NEGATIVE $2.7 Billion. This was its first unprofitable year since 2014. And it’s happened just as inflation and interest rates are rising, causing a distressing cost of living crisis among many of its customers.
#recession2023 #economics #personalfinance

[@SyedAnasAhmed-by7uq]

Amazon may be facing challenges, but counting them out completely would be underestimating their ability to innovate and adapt. Let's see how they navigate through this and what they come up with next.