This is a big deal. It is one thing when a young Peloton (having grossly miscalculated the size of the market) is shutting down its plants, but it is a whole different story when the mighty Amazon (that employs tons of Data Scientists and even economists to forecast) fails to do that.
1) Is the economy slowing down too fast?or,
2) Were their long-term expansion plans so off the mark?Neither answer bodes well for Amazon and its stock…