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Amazon hit by strengthening dollar, underscoring risks in tech to overseas reliance

CNBC
Summary
Nutrition label

77% Informative

Amazon said foreign exchange rates are to blame for weaker-than-expected first-quarter revenue growth.

The e-commerce giant said it saw $700 million "more of foreign exchange headwind than we anticipated" in the fourth quarter .

Amazon 's slowest quarter for growth came in mid-2022 , when revenue increased by 7.2% ..

VR Score

88

Informative language

95

Neutral language

35

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

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