46% Below Peak, Amazon Stock Will Fall On Sputtering Growth

Even though Amazon stock has dropped 46% from its peak

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only 0.9% of its float is held short by investors.

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Amazon is just one of many prominent high-tech firms that has seen

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its once-booming business since the Covid-19 pandemic's peak months slow to a trickle.

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During its earnings report for the quarter ending October 27

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Amazon revealed results that fell short of projections and issued a gloomy outlook.

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Amazon has failed to adapt to changing market conditions

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