Since Amazon (amazon stock price) is a very big company with so many branches all around the world, there is no such company that has gotten this big without any trouble at all.
Amazon used to face lawsuits and health code violation cases when it was newly released in the market and didn’t even have any competitor in with them in the market.
Here is the list of controversies that Amazon had fallen into over the years of operations:
- Environmental impact:-
In the year 2018, Amazon had emitted to around 44.4 Million tons of metric tons of CO2, which is very harmful to our environment.
In 2019, Amazon employees organized a walkout in which they all supported the global climate strike.
- Selling counterfeit, fake and discarded items:-
On October 16, 2016, Apple inc found out that Amazon was selling the counterfeit product to its customers without even them knowing.
Apple told Amazon what to check in a product to see whether it is real or not, and then Amazon stopped the selling of counterfeit products forever.
- Sales and use taxes:-
Amazon states that the sales and use tax have been changed in the US. The state, as well as the use tax, have been verified by the government and also it has been lifted off by the government.
Every country and city has its own personal taxes which are put in use if they sell any product there.
- Income taxes :-
Amazon has not even paid the single amount of income tax to the US government, but money has been sent from the government to Amazon so that they can support Amazon to research and also make it products more interesting.
- The comment made by Donald Trump:-
In 2018 Donald Trump made a comment in which he told that Amazon had made the US postal service his “deliver boy” and is paying less money to deliver packages while the taxpayer is giving the regular amount.
This statement made the stock of Amazon called as AMZNfall by 6% in just a single day.
- Working conditions:-
In 0211, Employees published an article which told that the warehouse was shut whole day if there were no order and it was very hot inside it and were not even allowed to open the loading bay to let in fresh and cold air for the employees to breathe. If you want to invest in amazon stock, you can check its cash flow at https://www.webull.com/cash-flow/nasdaq-amzn.
Due to this reason, Amazon had installed air conditioning in every warehouse that it has ever had.