Jeff Bezos says "Batten down the hatches"
0According to Amazon Chair Jeff Bezos, who recently used his Twitter account to convey his opinions on the deteriorating global economy, it's time to "batten down the hatches." While the pandemic and the increase in online buying and services helped Amazon's company significantly, there has been a negative trend as consumers who are experiencing a cost of living problem have reduced their purchasing. Sales for the entire firm increased by 15% year over year to $127.1 billion in the three months ending in September, with North American sales increasing by 20%.
Source: https://www.forbes.com/sites/katehardcastle/2022/10/29/disappointing-festive-forecast-delivers-fall-in-shares-for-amazon/
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