The first three pillars——each of them massive operations with tens of billions of dollars in annual revenue—are its online retail marketplace, its Amazon Prime membership program and its cloud-computing unit, Amazon Web Services. What comes after the ‘Amazon Effect’When Amazon moves into new industries, an “Amazon Effect" hits Wall Street. Food at times sat spoiled at Amazon Fresh stores, partly because Amazon at first didn’t have experience handling perishable items, employees said. The acquisition marks another big gamble for Amazon in the healthcare space, and with a medical company that had experienced deepening losses before Amazon bought it. After Amazon’s big swings without big results, “now there’s pressure to create profits and not only have earnings, but have high-quality earnings," said Reynolds, the investor from Los Angeles Capital.

Source: Wall Street Journal September 16, 2023 08:42 UTC