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in Tech

Amazon shares fall 7% on weak fourth-quarter forecast

by Editor October 30, 2022, 4:10 am 1.5k Views

Amazon shares fall 7% on weak fourth-quarter forecast

Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021.

David Ryder | Bloomberg | Getty Images

Amazon shares plunged 7% on Friday, a day after the company projected sales in the holiday quarter would be far below expectations.

Amazon shares pared back some losses from earlier Friday morning, when the stock was off about 50% from its highs, resulting in about a $940.8 billion hit to Amazon’s value. Earlier in the…

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