Amazon’s growth continues to slow after surging in pandemic
by Jacob Kastrenakes from The Verge - All Posts on (#5YNV6)
Illustration by Alex Castro / The Verge Amazon made a boatload of money during the first quarter of 2022. But investors, having grown used to Amazon's rocket-like trajectory during the pandemic, haven't quite adapted to the fact that it's no longer accelerating quite so fast.
Despite notching $116.4 billion in sales from January through March of this year - up nearly 8 billion year over year - Amazon's stock took a dive in after-hours trading, falling by about 10 percent before stabilizing a bit higher.
The problem wasn't that Amazon had underperformed in Q1, but that Amazon projected a slower Q2 than analysts had hoped for. Analysts wanted to see Amazon projecting $125.5 billion in sales, according to CNBC, but instead, the company only expects sales to come in from $116...