03.12.2023 15:56:00

Here's Why Investors Don't Care That Amazon Just Sold 1 Billion Products

Amazon (NASDAQ: AMZN) just announced some blockbuster results to kick off its holiday shopping season -- and Wall Street shrugged. Shares didn't budge in response to the e-commerce giant's late November update describing sales trends through Cyber Monday.Amazon said it sold a record 1 billion items, including millions of its own tech devices, over that 11-day stretch. Shoppers are motivated by deals and convenient shipping right now, and they are spending freely on Amazon products and on products sold by third-party sellers .Investors have bigger things on their minds, though. Let's look at why shareholders might have looked past this good news for Amazon's e-commerce division.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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