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tsptalk said:
Big miss for Amazon earnings after the bell. It's down about 4% in initial after hours reaction.
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Let's hope that doesn't tank the market tomorrow. I sure do my share to keep Amazon going.
 
Some points below. They skipped around a price increase for Prime. Seems the only thing stopping that is they're trying to get more international exposure to the program.

As they said last call, subdued growth ahead, and COVID bump was an outlier. (Many companies are reporting this. Stimulus, money not spent on travel, gas, entertainment, etc. was spent on "stuff". This is the big theme going forward. Was it all just a blip or can growth continue?)

...we think that the growth will be suppressed for the four quarters that end middle of Q2 next year. But we expect just as a comp versus 2020 just because of the 40% growth we saw last year.
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Prime did pull much of the demand for later in the year forward as many analysts predicted.

...as we look back, we used Prime Day to pull a lot of holiday shopping forward
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They're pushing for one-day delivery, but the forced shutdown put the brakes on it.

We were ramping that up nicely in 2019 and in the first quarter of 2020 before the pandemic. We're still not back to levels that we saw pre-pandemic. When something is available in one day or less, now you really don't have to go to a store even if you need it very quickly. So it just opens up more ways for us to serve our customers, especially our Prime customers.
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Positive on it being transitory

...we see ourselves as the shock absorber absorbing a lot of the costs so that the customer is not impacted and sellers are not impacted. And again, it's just quite limited options in the short run to impact your cost structure. Most companies would delay shipment or add fees. We don't think that is customer-centric orproductive, and we will get through this period and then we are committed to getting our cost structure down. As we get more into a normal buffer so that we can handle swings in volumes, especially as we get closer to holiday cutoffs, we generally run with more slack in the system. And we're in a good fortune of returning to maybe a more normal profile in space, this Q4 issues again on labor.
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Finally, IMDB TV is definitely something to keep an eye on going forward.

We recently expanded that beyond the US for the first time to the U.K. So a lot of really good and interesting ideas and a lot of opportunities to grow in different ways with the deal.
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Amazon stock has lost nearly all of its gains from the pandemic

Shares of Amazon have given up nearly all of their gains from the pandemic.

The stock skyrocketed in 2020 and 2021 as consumers shunned physical stores and flocked to online retailers for everything from face masks to office chairs.

Amazon and other technology stocks are getting crushed amid a broader market selloff.
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https://www.cnbc.com/2022/05/10/amazon-stock-has-lost-nearly-all-of-its-gains-from-the-pandemic.html
 
Amazon's 20:1 stock split starts.

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