E-commerce giants Amazon (NASDAQ: AMZN) and Alibaba (NYSE: BABA) both experienced massive growth during the pandemic, but that has now come to an end. Following the reopening, consumers hit the high road again, and the economic downturn has also impacted growth. In a sense, the slowdown was to be expected; the number of new people turning to e-commerce driven by the stay-at-home mandates was bound to recede with the resumption of normality. However, both companies have also faced other headwinds. The pair have invested heavily for the future, and that has taken its toll on their profitability.
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