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Amazon shares plunge on forecast of sluggish holiday sales

Por: Los Angeles Times Business October 28, 2022

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Amazon.com., shocking Wall Street, has projected the slowest holiday-quarter growth in the company’s history. The shares plunged about 13% in extended trading. The Seattle-based company, which reaped record profits during the pandemic, said sales during the current period will rise just 2% to 8% as shoppers reduce their spending in the face of economic uncertainty. Any figure in that range would be the slowest increase ever for Amazon’s peak... + full article



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