Amazon Has a Lot of Problems Suddenly. It'll Be OK.
When e-commerce surged during the early months of the pandemic, Amazon (AMZN) went on a shopping spree of its own. Case in point: It purchased a 76-acre site on the outskirts of Miami to build the company’s largest distribution center in South Florida. With demand for online shopping faltering, the tech giant wants to keep the warehouse closed for another year, despite having spent $129 million to build it.