Essence Magazine:
By Jasmine Browley· Updated December 2, 2022
It looks like everyone’s favorite shopping addiction may be losing some its luster.
Or at least that’s the gist of recent earnings reports that signal a significant dip in revenue. According to Bloomberg, Amazon is the world’s first public company to lose a trillion dollars in market value as a result of spiking inflation, stricter monetary policies and a damaging stock selloff earlier
This post first appeared in Essence Magazine. Read the original article.