22.05.2020 AMAZON Daily Analysis

22.05.2020 AMAZON Daily Analysis

Amazon Company is currently trading at $2446.74 after having dropped 51 points during the previous trading session. The latest news with regards comes from India where Amazon is planning to hire 50000 new temporary workers to support the increased online shopping in the country. The vice president for for customer fulfilment, Akhil Saxena said that this will help people get everything they need so that they can continue maintaining social distance and that it will keep people working at a time when everyone is at risk of losing theirs. Previously Amazon has had a tough time i nIndia with small business owners claiming that Amazon was stealing their livelihoods from them and when the company CEO Jeff Bezos went there there were protests. However that hasn't deterred the e-commerce giant from aiming from the big market thats India with almost a billion consumers.