Amazon faces another antitrust lawsuit

Amazon is facing another antitrust lawsuit from European Union. This is not the first time this happened before. Wall Street Jouranal was already reported that EU was planning such an action in June. If court find them guilty it could mean fine up to 10% of revenue or 28 billion dollars which is 10% for 2019. This could mean really negative news for their stock price and its main reason why Amazon stock declined 3,5% yesterday. (Pop, Wall Street Journal)

7 views0 comments

Recent Posts

See All
  • Facebook
  • Twitter
  • LinkedIn
  • Instagram
  • YouTube

Risk Warning:
Past performance of an investment is no guide to its performance in the future. Investments, or income from them, can go down as well as up. You may not necessarily get back the amount you invested. All opinions, news, analysis, prices or other information contained in our communication and on our website, are provided as general market commentary and do not constitute investment advice, nor a solicitation or recommendation to buy or sell any financial instruments or other financial products or services.

© 2021 Trade Forum Philippines. All rights reserved.