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One after another back to square one: Amazon gives back all the gains of the new crown epidemic

One after another back to square one: Amazon gives back all the gains of the new crown epidemic
How much has your investment in e-commerce stocks fallen?
$Amazon(AMZN.US)$ As the U.S. economy reopens and consumers return to brick-and-mortar stores, Amazon and other online retailers are under increasing pressure to prove they can sustain the high growth rates seen during the crisis.
Amazon's results were already weak when it reported its fourth-quarter earnings earlier this year. Its net sales of $137.4 billion in the fourth quarter and projected first-quarter net sales of $112 billion to $117 billion were both below analysts' expectations. But at the time, the company benefited from Rivian investments and a price increase for U.S. Prime members, boosting market sentiment and causing the stock to surge 18% at one point after the earnings announcement.
The next quarterly earnings report, which is the end of April, Amazon announced its latest results show that the company unexpectedly lost money in the first quarter, the worst revenue growth in 20 years, and Rivian shares plunged no longer bring dividends to the company, which caused Amazon shares to fall 14% in one trading day.
Amazon shares have since moved further lower along with a sell-off in the broader U.S. stock market in general and technology stocks in particular. At this week's low, the stock has fallen 43 percent from its peak at the time of the outbreak, with the decline occurring mostly this year - a cumulative drop of about 34 percent so far this year.
$Shopify(SHOP.US)$ $Etsy Inc(ETSY.US)$ $eBay(EBAY.US)$ $Wayfair(W.US)$
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