Will Amazon Bounce Back From Its 2% Gap Down And The Impact Of Unethical Review Practices
Portfolio Pulse from Zaheer Anwari
A survey by UK consumer body, Which?, revealed that around 10% of Amazon shoppers in Great Britain may have been offered bribes for positive product reviews. This has raised concerns about the credibility of online reviews on Amazon. The company's stock experienced a significant decline, gapping down over 2% on September 21st. Despite this, Amazon's overall stock performance has seen a substantial increase of 47% year to date, indicating potential for recovery and growth.
September 28, 2023 | 4:10 pm
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NEGATIVE IMPACT
Amazon's stock experienced a significant decline following revelations of unethical review practices. However, with a 47% increase YTD, the stock holds potential for recovery and growth.
The news of unethical review practices has negatively impacted Amazon's stock in the short term, causing a significant decline. However, the company's strong overall performance, with a 47% increase YTD, suggests that this may be a temporary setback and there is potential for recovery and growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100