Trouble Ahead for Amazon? via /r/wallstreetbets #stocks #wallstreetbets #investing
Trouble Ahead for Amazon?
What do you all make of recent news/research about Amazon?
1: Bloomberg article couple months ago said Amazon had expanded its logistics footprint too quickly and would be looking to sublease warehouse space.
2: CNBC reported that Amazon is planning a second Prime Day event later this year. Why would Amazon do this other than they have wayyyy too much inventory?
3: New data from retail research firm Hibben shows that last week Amazon prices actually fell for the second consecutive week. Also demand has been weak leading up to this week’s Prime Day event, not something you would expect if prices are already coming down.
Submitted July 05, 2022 at 09:51PM by pnutbutterbaconsammy
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