Amazon (NASDAQ:AMZN) is focusing on optimizing costs and has shuttered its online fabric-selling subsidiary fabric.com.
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Amid global growth worries, Amazon has recently closed the doors of some of its projects and taken actions to rationalize headcount.
In another development, Amazon is looking at a $1 billion class action lawsuit associated with accusations that the company’s algorithm favors its own products and of the sellers who utilize Amazon’s storage and delivery solutions in the U.K.
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