Amazon and Walmart are both Massive behemoths who control essentially everything....how do random websites and smaller physical stores compete, Food, insurance, and their own delivery service...they are stomping on and slowly replacing every and any industry they want to,
$1480 after hours ..... That would be an all-time high. It may spike above this tomorrow out of the gate... but I bet it doesn't hold. Of course I'm no Soes.....
That is nowhere enough to trade AMZN. Commissions and volatility alone will wipe you out in short order.
Amazon confirms job cuts at headquarters Fast-growing Amazon is cutting hundreds of staffers as the Seattle-based company makes adjustments in its core consumer retail business. “As part of our annual planning process, we are making headcount adjustments across the company – small reductions in a couple of places and aggressive hiring in many others,” the company said in a statement provided to GeekWire. “For affected employees, we work to find roles in the areas where we are hiring.”(GeekWire)