With continued digitalization and increased use of smartphones, internet usage has increased considerably. Moreover, the US government's proposal to expand internet services with subsidies and regulatory modifications is a significant stimulus for the country's internet sector.
While e-commerce giant Amazon.com, Inc. (AMZN) has been a dominant industry player, the company reported a loss in fiscal 2022. Also, inflationary pressures, higher interest rates, and lingering supply chain bottlenecks are expected to impact AMZN’s e-commerce operations this year.
