Amazon Reports Q1 Revenue Gains Amid Post-Pandemic Retreat
The e-commerce giant reported 9 percent annual revenue growth in Q1 after pulling back grocery rollout, office space and logistics network.
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The e-commerce giant reported 9 percent annual revenue growth in Q1 after pulling back grocery rollout, office space and logistics network.
Amazon has announced that it is putting the construction of HQ2, its second headquarters unveiled to much fanfare in 2018, on hold due to the company's slow growth in the wake of the coronavirus pandemic.
Amazon has announced that it is putting the construction of HQ2, its second headquarters unveiled to much fanfare in 2018, on hold due to the company's slow growth in the wake of the coronavirus pandemic.
Second headquarters. >> reporter: new york city emerged as one of the winners. new york governor andrew cuomo had said hq2 would launch new york as a rival to silicon valley. mayor de blasio promised it would benefit locals. hq2 did not get a warm welcome from everyone in the big apple. amazon pulling the plug on plans to build a campus in new york city. progressive new york politicians like alexandria ocasio-cortez criticized the billions in promised tax breaks and state grants. amazon didn't like the heat and killed the deal. number seven, the unicorn bubble bursts. wall street had high hope...
Combined asset and roughly 150,000 employees. an incentives package for the hq2 in virginia. the arlington county board unanimously approved a $23 million package for the crystal city facility. the vote was the final action giving local and state subsidies to the line oonline retail gian. overall amazon says it will receive performance based incentives of $573 million from the state, county. last month amazon canceled its plans to build half of its hq2 in long island city following a lot of backlash there. and "early start" continues right now. the president spent his weekend slamming hi...