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Amazon says distraction of Olympics, Trump assassination attempt contributed to weak forec

Posted on 8/1/24 at 10:42 pm
Posted by Jjdoc
Cali
Member since Mar 2016
54087 posts
Posted on 8/1/24 at 10:42 pm
quote:

Lol... what?


Amazon
is pointing to an unusually busy news cycle as one of the drivers behind its weak revenue forecast.

On a call with reporters following the company’s second-quarter earnings report on Thursday, Amazon finance chief Brian Olsavsky said one reason the company expects a slippage in online shopping this quarter is because consumers are distracted. There’s the Paris Olympics, which began last month and continues through Aug. 11, as well as the ramp-up to the U.S. presidential election in November.

Olsavsky also pointed to the attempted assassination of former President Donald Trump at a Pennsylvania rally last month, which occurred just before the Republican National Convention


LINK
Posted by Walter White Jr
Member since Aug 2021
524 posts
Posted on 8/2/24 at 5:58 am to
“Yeah, Trump got shot and the Olympics are on. I’m too busy to buy shite on Amazon.”
Posted by el Gaucho
He/They
Member since Dec 2010
55087 posts
Posted on 8/2/24 at 6:29 am to
I buy stuff on there that’s like less than 50 cents and they deliver it to me

I may be the one who made them go out of business
Posted by kaaj24
Dallas
Member since Jan 2010
691 posts
Posted on 8/2/24 at 6:47 am to
Temu
Posted by UltimaParadox
Huntsville
Member since Nov 2008
44298 posts
Posted on 8/2/24 at 8:06 am to
AWS is the business.

Amazon's rush to be middle man in their goods business is going to unwind customer confidence in using Amazon to buy everything. You keep selling junk to your customers whether you mean to or not, eventually will hurt the bottom line.
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