Amazon plunges 9%, continues Big Tech's $1 trillion wipeout as AI bubble fears ignite sell-off
Amazon plunges 9%, continues Big Tech's $1 trillion wipeout as AI bubble fears ignite sell-off
Fears over AI spending have sparked a sell-off among tech stocks.Kai Nicol-Schwarz (CNBC)
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SoupBrick
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rockprada
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in reply to rockprada • • •anachronist
in reply to Chris Remington • • •Ulrich
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unexposedhazard
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skip0110
in reply to Chris Remington • • •Their revenue is growing.
Their revenue only from Amazon sales to consumers is also growing (excluding things like AWS, streaming, and advertising).
The proportion of sales to Prime members is growing (they stopped reporting Prime membership, but we can presume that it also growing, from this).
The few people boycotting Amazon, maybe for short periods of time, isn’t enough. Every small step is helpful but we need much, much more.
For my part I last used Amazon services in 2024. (personally, not counting AWS at work)
Kissaki
in reply to Chris Remington • • •SalaTris
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