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Recommended Watch: Amazon loses $1 trillion in market cap, looks towards cost-cutting strategies (youtube.com)
#Amazon #Amazonstock #yahoofinance
Tech editor Dan Howley outlines Amazon's latest cost-cutting guidance, where it may be routing out sources of unprofitability, and looks at recent FTC warnings Twitter has received under Elon Musk's management.
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    Francisco Gimeno - BC Analyst When even the all powerful Amazon talks about cost cutting measures, we have to get worried. All companies have products which work better than others, but in times of bonanza nobody think about getting rid of them unless they are absolute failures. Amazon is now talking about profitability and cost analysis and strategies. We are in a downturn economic cycle and this is going to be tough for many. Check what Amazon is saying here.