Odd Lots
Amazon Still Getting Absolutely Trounced by Monster Beverage
It’s not even close anymore.
A Monster Energy drink arranged in the Brooklyn Borough of New York, U.S., on Tuesday, Nov. 23, 2021. Monster Beverage Corp.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
Last week, shares of Amazon got clobbered after the company reported a mediocre sales outlook for its retail business, and a miss in its cloud services operation.
Of course, Amazon is just one of a handful of tech companies — both large and small — to have hit a brick wall of sorts in 2022. Growth is disappointing. And due to the shift in the macro regime, investors are punishing companies that used to enjoy sky-high, growth-forever multiples.