Franchise News

Amazon growth on Wall Street declines

Oct 24, 2014 09:54 PM EDT | By Staff Reporter

A recently-released financial report revealed that Amazon is experiencing a decline in economic growth and revenue.

The company missed a number of its expectations set for this quarter, including  a weak 7 to 18 percent revenue growth forecast, Reuters reports.

"Even if [Jeff] Bezos is unconcerned about institutional investors' near term, he needs to care how the stock impacts his ability to attract and retain talent, particularly given the broadening tech expertise he needs," Macquarie's Ben Schacter said, according to the site.

"If the stock continues to get hit, we could even end up in a situation with activists calling for significant changes."

The decline in the company's revenue has raised concerns among investors weary of losing funds. Several financial analysts mention the company is steadily losing popularity in the consumer market and is at risk of continued decline.

Amazon founder and Chief Executive Officer Jeff Bezos has been criticized in recent months for his alleged unsuccessful attempts at preserving the company's growth.

Overall, the company's stock is down by nearly a third since January, Reuters also reports. 

© 2024 Franchise Herald. All rights reserved.

Franchise News

Real Time Analytics