Amazon shares hit on growth concern
By Alistair Barr and Ben Berkowitz SAN FRANCISCO/NEW YORK (Reuters) – Amazon. com Inc’s stock sank on Friday on concern about slowing growth at the world’s largest Internet retailer. Late Thursday the company reported slower revenue growth and offered a disappointing outlook for this quarter, exacerbating uncertainty about the health of its business beyond the United States. Amazon faces a sluggish European economy and inconsistent efforts to break into emerging markets such as China, where competition from the likes of Alibaba is intense. . . .
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