CNBC's Kate Rooney explains why some meme stock traders are avoiding Robinhood's IPO
Amazon's revenue grew by 27% year over year to $113.08 billion. That's a significant slowdown from the second quarter of 2020, when sales skyrocketed 41% year over year.
"We're starting to lap that and that's why you see some of the growth rate coming down," Olsavsky said, adding that Amazon expects to see slower growth continue for the next few quarters.
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