Amazon.com, Inc. (NASDAQ: AMZN) Value Falls to Lowest Since May Amid Big Tech Weakness

Amazon.com, Inc. (NASDAQ: AMZN) plummeted as the share of technology and Internet stocks plummeted. This fall extended the recent decreases leading various investors to monitor a rise in the treasury yields. It also caused significant decreases in the Nasdaq 100 index and the U.S. market. 

The losses affected all mega-cap names and the software sector, causing a tumble. Other internet companies that fell include Microsoft Corporation (NASDAQ: MSFT), Alphabet Inc Class C (NASDAQ: GOOG), and Meta Platforms Inc (NASDAQ: FB). However, investors noted that Microsoft and Alphabet are coming off their most significant one-week percentage decrease since March 2020.  

A few analysts are beginning to view bargains in this category. Bharan Suri, an analyst, stated that he is confident that the industry will present disabled growth and that the overall business remains intact. 

In November 2021, Goldman Sachs Group Inc  (NYSE: GS) named Amazon the top internet pick in 2022, stating that its underperformance made it attractive. Following Monday’s report, Bank of America and Wall Street place their faith in Amazon. 

New law could make it difficult for bosses to fire employees

In Washington, a proposed law could make it difficult for organizations to terminate their employees. Currently, employees have the right to access their records; unfortunately, the law is silent on what details employers should reveal and the consequences if the employer fails to abide. 

 The proposed law will define employee fines and impose penalties if employers fail to issue them. Employees also require access to their records to help them apply for worker’s compensation or pursue discrimination claims.

Amazon has recently developed the Wyze Cam V3/Wyze spotlight bundle, the Top 1 bestselling home security gear. The gear possesses all features that one requires and can function both inside and outside. 

Amazon has a deal on joggers

The company also has a deal on joggers, whose price was recently lowered to $ 17 and had more than 57,500 reviewers awarding it 5-stars. The Company is also developing a TNF crew for the football 2022 season. 

Amazon will show 15 Thursday night games on Amazon Prime Video from next season. The service is reportedly trying to pull in some of the sports’ biggest broadcasters despite consumers not being clear on how the broadcast will look like.

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Published by Benjamin Roussey

Benjamin Roussey is from Sacramento, California. He has two master’s degrees and served four years in the U.S. Navy. His bachelor’s degree is from CSUS (1999) where he was on a baseball pitching scholarship. His second master’s degree is an MBA in Global Management from the University of Phoenix (2006). He has worked for small businesses, public agencies, and large corporations. He has lived in Korea and Saudi Arabia where he was an ESL instructor. Benjamin spends his time in between Northern California and Cabo San Lucas, Mexico, committing himself to his craft of freelance and website writing. http://www.facebook.com/ben.rouss