COVID-19 has wreaked havoc on economies around the world and has upended many industries, including airlines, travel, and restaurants. In-store retail shopping has suffered as well, as social distancing became the norm months ago and people spent more time at home.
But the economic effects of the pandemic also caused a major strain on retail stocks, including Amazon.com (NASDAQ:AMZN), as they were forced to adapt to an influx of online shopping. Even Amazon, with its massive warehouses full of goods and its extensive delivery network, struggled to keep up with demand. The company has since gotten deliveries back on track and is actually thriving during the pandemic. But while COVID-19 hasn’t knocked Amazon off of its footing, lawmakers could. Some elected officials are increasing their scrutiny of Amazon and its peers, and it could eventually result in more antitrust regulations.