Action Investments Limited: Is Amazon Shares a Buy Amid FTC Antitrust Suit and AI Investment?

The tremendous growth boom seen by Amazon (AMZN) during the epidemic was followed by a steep decline. Now, the $1.3 trillion internet company is fighting its way back to sustainable growth and profitability.
SHEUNG WAN, Hong Kong - Nov. 8, 2023 - PRLog -- As of October 13, Amazon stock had rebounded slightly more than 50% this year after falling 49% in 2022.

Furthermore, AMZN stock is clawing its way back to its top in 2021. Amazon shares are down around 28% from a split-adjusted high of 188.65 in July 2021.

Amazon is stepping up its efforts in generative artificial intelligence and counting on a big holiday shopping season to get back on track. However, it is also facing a huge conflict with the US government.

So, is Amazon stock a good investment? Here's all you need to know about Amazon's AMZN stock's recent movement.

One issue AMZN stock investors should keep an eye on is regulation. Amazon is embarking on what is likely to be the most significant legal battle in its 30-year existence. That implies the corporation will almost certainly face heavy examination in the future years.

Amazon's regulatory issues were brought to light on September 26 when the Federal Trade Commission and 17 state attorneys general launched a huge antitrust complaint against the company.

The FTC accuses the corporation of inflating prices and overcharging merchants by abusing its market position. Amazon denies the charges, claiming that the FTC is "wrong on the facts and the law, and we look forward to making that case in court," according to a statement from the business.

Please contact our team members to learn more about this unique financial building experience by way of good securities investment and portfolio management. Our aim is to make your wealth building journey, a simple and enjoyable experience.

Action Investments Limited
Source: » Follow
Posted By:*** Email Verified
Tags:Action Investments Limited
Location:Sheung Wan - Hong Kong Island - Hong Kong
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Page Updated Last on: Nov 21, 2023
Action Investments Limited News
Most Viewed
Daily News

Like PRLog?
Click to Share