- Amazon.Com, Inc AMZN stock is trading lower Monday amid reports of Alphabet Inc GOOG GOOGL YouTube proposing to undercut Amazon's streaming service charges by up to 10 bps.
- YouTube follows similar moves by Apple Inc AAPL and Roku, Inc ROKU to compete with Amazon, the Information reports.
- Simultaneously, Amazon trailed behind Walmart Inc WMT in India's battle for online consumers.
- As per Redseer, Walmart-owned Flipkart has grown more quickly than Amazon in India.
- Redseer flagged Amazon's significant gap with Flipkart making it difficult for them to bridge it, at least in the short term.
- Price Action: AMZN shares traded lower by 1.23% at $114.81 on the last check Monday.
- Photo via Wikimedia Commons
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
