Microsoft notches slight Q3 earnings beat as cloud revenue rises 26%
Shares of the e-commerce giant were down to the tune of 4.1% as of 1:21 p.m. ET Tuesday, according to data from S&P Global Market Intelligence, seemingly in response to the fact that workers at several of its warehouses are moving forward with efforts to unionize. For the second time in less than a month, Amazon employees in Staten Island are deciding whether or not to form a labor union. In other words, with or without the growing likelihood that the company will soon have to negotiate pay and working conditions with a growing cadre of unionized warehouse workers, it’s likely that Amazon shares would be sinking.