Amazon Reports First Q Loss Along w Several Other Problems

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Cleveland

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Amazon reported Q1 losses, as bad as their 2006 losses.

They announced to combat this, they are closing 6 WFs in pretty remote areas, probably in food deserts where people are dependent on them.

Claiming, "We have more workers and warehouse space than needed right now."

They ALSO reported a loss in Prime Members, retention rates dropping - which explains the several times I have stood in line at the Warehouse just to be discharged.

They ALSO reported that they will be closing several bookstores to focus on brick and mortar grocery chains.

Meanwhile, Daddy Bezos is taking a trip in his favorite rocket ship, flying through the sky like little Einstein.

Is this the beginning of the end for Amazon?

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sashamonet

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Posted: 2 years ago
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