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Amazon’s pricey stock is getting harder to justify, analysts say

Packages move along a conveyor belt at an Amazon Fulfillment center on Cyber Monday in Robbinsville, New Jersey, US, on Monday, Nov. 28, 2022. US retailers showed modest sales growth over Black Friday weekend, using deep discounts to lure shoppers stung by the rising cost of living. Cyber Monday results will paint a fuller picture of demand this holiday season, analysts say. Photographer: Stephanie Keith/Bloomberg 775905924

Amazon's expansion is slowing, and many investors are now balking at paying up for the e-commerce giant.

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