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3 Reasons to Bet on Amazon in 2023

3 Reasons to Bet on Amazon in 2023

2022 is shaping up to be Amazon's(NASDAQ: AMZN) worst year since at least the 2008 financial crisis. Revenue growth slowed due to difficult comparisons and macroeconomic headwinds, and profits declined as the company overexpanded during the pandemic. As a result, Amazon is now scrambling to cut costs, announcing that it would lay off 10,000 corporate employees; it's closing or canceling construction of dozens of warehouses, and pulling the plug on experiments like Amazon Care and Scout, its home delivery robot.