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Amazon Inc.’s famous e-commerce machine, which has grown at breakneck velocity for more than two many years, is exhibiting indicators of stalling.
The tech large on Thursday claimed its slowest product sales expansion in roughly two decades. Product or service gross sales have flatlined, and profits at its principal online-procuring small business segment has stagnated for 6 months, 1 of the worst periods of anemic advancement in Amazon’s historical past. And corporation executives said general income may possibly sluggish down even extra.
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