Amazon seemed to be in trouble these days, and that is one of the significant concerns of Jezz Bezos.
There is speculation that Saudi Arabia hacked his phone.
The giant company is facing a lot of calls from both parties, Republican and Democrats, and might be something with regulations and some investigation regarding trust.
Amazon is now in a legal battle against the government of the US after the current administration after a $10 billion cloud computing contract of its web services called JEDI. Furthermore, Amazon didn’t expect lower earnings on its quarter because of the Thanksgiving date.
According to Wall Street analysts, they expected a 17% growth for the company in its last quarter, a positive thing for some companies. Still, in the past years, Amazon had an average of 35% during the holiday quarter.
Although it is clear that Amazon had some good sales over the holidays, analysists found this to be lighter than expected.
The profit growth from the cloud operation of Amazon has also slowed down. It starts not entirely a stretch for the company.
On the other hand, Bezos and Co.’s troubles are soaring up “We expect the antitrust rhetoric to reach deafening levels during this Presidential election year, while Amazon’s relationship with the White House remains the most precarious within Big Tech,” according to am internet and software analyst, Brian White.
Along with the low rate of the labor market in the country and despite adding thousands of new jobs every month, the unemployment rate has been going steadily low. The economy in the US is expected to slow down this next year as compared to 2019.
Only 51% of the companies are planning to hire new laborers this year from 55% in 2018. That may not sound so terrible, but that also means that companies don’t foresee much optimism for the economy this year.
According to Challenger, Gray & Christmas, “We see some indicators, such as slow-growing wages, an increase in job cuts, and an exodus of CEOs, that may portend rough waters ahead.”
Amidst the economic ups and downs, Amazon has been named as the most valuable brand in the world for the third consecutive time. It exceeded $200 billion in brand value.
During DAVOS, Brand Finance CEO David Haigh mentioned, “The brand that boasts the highest brand value ever, Amazon continues to impress across imperishable consumer truths: value, convenience, and choice. Today, Amazon’s situation seems more than comfortable, but what will the roaring twenties hold in store?”
Google ranked as the second most valuable in the world, whereas Apple runs to the top 3, which was a reverse from last year.
Other top 10 brands are Microsoft, Samsung, ICBC, Facebook, Walmart, Pingan, and Huawei.
Tesla is also coming in as the world’s fastest, logging behind is Instagram. Four out of fives lost their value, including Uber and AT&T.
According to Haigh, “Great brands need great leaders. They set and direct brand purpose and balance short and long-term financial returns. Their role is to gauge the mood of external stakeholders and ensure that all internal stakeholders behave in a way that is consistent with organizing purpose and profit.”