Amazon staff might get paid 50% less because shares have fallen so much

Why are the shares down so badly? I'm out of the loop.

Covid19 is gone. We need Covid20 to get Amazon stock up again.

19 is the discovery year, not the iteration. It'd be COVID-23 (year, disease) and SARS-CoV-3 (iteration, virus) if we found a new SARS-causing coronavirus this year.

Shares of Amazon (and really most of tech) are only "down" from their peaks during the pandemic, when they were artificially inflated due to stimulus money as well as people thinking that the world's tech reliance would stay the same after things went back to normal. If you go back further, to say 2019 or early 2020, they are still up.

eCommerce growth rates rose dramatically during Covid. Everyone expected those trends to hold. They did not and have reverted to the mean.

I think it's complex. The obvious reasons are the covid-19 bump is gone, and all tech stocks are down.

The less obvious reason is that Amazon retail growth doesn't seem to have as much of a long-term due to:

1) Market saturation

2) Declining customer service

3) Fakes, frauds, and cons

... and so on.

A lot of this might have happened due to poorly handling the covid-19 surge. Somehow, whatever made Amazon work before stopped working. It's now been going on for long enough that Amazon is losing reputation, and people (or at least I) am sceptical it can be fixed. Or perhaps it's related to Andy Jassy taking helm.

In either case, a lot of people I know have been trickling away from Amazon. It's not enough to make a dent yet, but it's definitely not growth.

Humor can be difficult to express through text, I guess.