Primetime to Strike ✊

Table of Contents

Primetime to Strike

Amazon employees will strike while the iron is hot, singling out the company’s busiest time of the year to protest working conditions: Prime Day!

The more recent brainstorm by Amazon corporate bods has only gone and led to the christening of a brand new holiday. The 2-day Prime Day will ride on the back of rapid delivery time promotions, as the e-commerce giant tries to rally up the American spirit to take on a new tradition. Namely, the tradition of buying as many of its products as possible. That should catch on!

However, workers on the ground are frustrated. According to employee spokespeople, working conditions aren’t up to spec, and they’re not receiving enough credit for those quick delivery times. So, what better moment to threaten protests than before Amazon’s big day? A huge Minnesota fulfillment center is down-tooling for 6 hours, the figurehead for others to follow, in a bid to get some light shone on their problems.

Amazon investors not only see this news like a sucker punch to the new Prime Day idea, or as a chip on the brand, but also as a threat to the company’s worldwide delivery network. If you want a tomato, Amazon will deliver it to you. A 50-gallon barrel of oil? No problem. Both by tomorrow? As long as you can sign for it. Now, however, as pockets of Amazonians hear about strike action, the market is contending with something much shakier.

Investors know Prime has helped the company unlock years of profit. The stock is soaring, and it’s now up to Bezos to steer the ship and deliver the $1,952 per share service that investors are paying for. One to watch!

Share:
More Posts
Higher Rate Households 📈
27 September, 2023

The recent Fed decision to pause rates has left the federal funds rate at its highest level since 2000.

Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.