But a bigger owie has to be its decision to shut down the cornerstone of its efforts to corner the healthcare market, Amazon Care.Īpparently, it’s not as easy to get other companies’ employees to pee in bottles, so Amazon opted to buy itself an existing solution with the $3.9 billion acquisition of One Medical earlier this year. Its $1 billion flop in Middle Earth may represent the peak ( maybe) of crappy content at all costs. The stock is down more than a third in 2022. In this year’s slapdown of tech stocks, that aura of invincibility around the e-commerce giant has worn off a bit. At the time, the very idea sent healthcare stocks on a tumble.
Using big data, AI algorithms, and various telehealth services, Amazon promised to improve primary and urgent care, while Alexa played the role of the naughty nurse.
Morgan? The idea was to experiment with their own employees and eventually roll out some high-tech-enabled platform to other employers. Remember when a few years ago Amazon announced it would revolutionize healthcare, partnering with heavyweights Berkshire Hathaway and J.P.
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