Amazon depreciates by 7% and pulls the S&P 500
A fine of $ 887 million for Amazon is unpleasant, but no more. More importantly, they can be forced to rebuild the business model when it comes to handling customer data. And yet the company has a poor forecast for the next quarter.
Despite new strains of coronavirus, countries are in no hurry with new lockdowns. Offline trading tries to return to the market and this takes profits from online sellers.
It should be understood that a bad forecast means a slower profit growth. But for the modern investor, this is an extremely important indicator, because they prefer only native stories
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