Amazon Shares Fall Due to Weak Holiday Outlook, Overall Tech Stock Malaise
Retail TouchPoints
OCTOBER 28, 2022
Economic uncertainty is proving to be a hindrance to even the largest retailers. Amazon has posted projected growth ranging from 2% to 8% for Q4 2022, and the disappointing numbers caused its share price to drop more than 10% as of the morning of Oct. 28. The ecommerce giant’s modest outlook added to the general downturn other tech titans like Meta and Microsoft are experiencing, though Apple ’s outlook was a bit cheerier.
Let's personalize your content