Amazon Prime increase won’t solve eCommerce struggles

By TAE KIM

Stock down: An Amazon Prime delivery truck drives through the Port of Los Angeles. Amazon’s shares tumbled nearly 8% in regular trading last Thursday ahead of its own earnings news. — AFP

AMAZON.COM Inc’s investors were bracing for the worst a day after Meta Platforms Inc’s dreary earnings report sparked a historic stock plunge and spread worries that tech stalwarts were losing their mojo.

Amazon’s shares tumbled nearly 8% in regular trading last Thursday ahead of its own earnings news.

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