Amazon.com Inc. (AMZN) is an e-commerce behemoth that sells consumer products and subscriptions worldwide. North America; International; and Amazon Web Services are the three operational segments of the company. Its shares are up 32% over the past month to close its last trading session at $142.57.
However, following several quarters of soaring growth during the pandemic, the company is now grappling with rising costs and lower discretionary spending, which in turn is impacting revenue and earnings. The company reported a net loss of $2 billion in the second quarter of 2022, marking the second quarter of net losses in a row.
