Amazon Faces Massive Boycott Threat From Consumers
March 10, 2025 | Source: The Street | by Patricia Battle
Amazon (AMZN) has a major problem on its hands after it recently raked in record profits.
The online retail giant, which has over 315 million customers worldwide, recently saw increased consumer momentum during the holiday shopping season.
Amazon’s fourth-quarter earnings report for 2024 revealed that its U.S. sales increased by 10% year-over-year during the quarter. This contributed to the company generating an operating income of $9.3 billion in the U.S., a roughly 30% increase from what it earned during the same quarter in 2023.
“The holiday shopping season was the most successful yet for Amazon and we appreciate the support of our customers, selling partners, and employees who helped make it so,” said Amazon CEO Andy Jassy in the earnings report.