What's Going On With Amazon.Com Stock Today?
Portfolio Pulse from Anusuya Lahiri
The Federal Trade Commission (FTC) is planning to prosecute Amazon.com Inc (NASDAQ:AMZN) over antitrust claims. The FTC has been investigating Amazon's practices for several years, focusing on preferential treatment to its products and treatment of third-party sellers. The impending lawsuit could target various aspects of Amazon's business, including its Fulfillment by Amazon logistics program and pricing practices. Amazon's stock has gained 60% YTD, and it reported Q2 revenue growth of 11% YoY to $134.4 billion.
September 06, 2023 | 12:10 pm
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Amazon faces a potential lawsuit from the FTC over antitrust claims. Despite this, the company's stock has gained 60% YTD and reported strong Q2 revenue growth.
The impending lawsuit from the FTC could have a negative impact on Amazon's stock in the short term due to potential regulatory penalties and changes to its business practices. However, the company's strong financial performance could mitigate some of this impact.
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