Amazon's recent numbers don't look good: should investors start worrying?

Jeff Bezos stepped down as chief executive officer of Amazon.com Inc. earlier this month after one of the most legendary runs in the history of business. The big question now is whether his successor, Andy Jassy, can keep the momentum going. Judging from the company’s latest earnings results, he has his work cut out for him.

E-commerce sales are clearly slowing, foreshadowing more lackluster revenue results the rest of the year. Of course, part of the issue is the company’s outperformance in 2020 during the height of the pandemic. Amazon was a big beneficiary of the shift toward online purchasing.