In this video, I will be talking about Amazon's (AMZN -1.49%) big move that was reported last week when management discussed ditching Amazon Basics, its first-party product offering. This move might seem strange and bad for some. But this will increase margin and reduce costs for the company, which will inevitably lead to more profit. More on that in the video below.
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*Stock prices used were the closing prices of July 15, 2022. The video was published on July 18, 2022.