Amazon will spend billions of dollars to offset holiday shipping slowdown

While Amazon had a huge revenue surge over the past year thanks to lockdown and the resulting rise of online shopping, the company's recent earnings report shows that it might be slowing. Net sales increased 15 percent to $110.8 billion in the third quarter, which is a step down from the previous quarter's 27 percent growth rate. At the same time, Amazon also warns that global supply chain issues, labor shortages and increased shipping costs could incur "several billion dollars of additional cos...