Morgan Stanley says Amazon's red hot online ads business will get clipped this quarter because of COVID-19 — it's one of 3 big factors cutting into Amazon's profitability (AMZN)
Business Insider -

Amazon's ad business is expected to grow at a much slower pace than previous quarters because of slowing demand amid COVID-19, according to estimates by Morgan Stanley.

Amazon's additional hiring in warehouse and delivery services, and the inefficiencies caused by the new workers are expected to add more costs this year, Morgan Stanley estimates.

But the additional costs are expected to be offset by slower fuel spending for deliveries and less investments in building out its shipping...

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