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Stock impact report

Cramer: Amazon is the 'Grim Reaper' for smaller businesses, but it also may help save America [MSNBC.com]

Amazon.com, Inc. (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Company Research Source: MSNBC.com
VIDEO2:1102:11Cramer: Amazon is the 'Grim Reaper' for businesses but it also may help save AmericaSquawk on the StreetAmazon'Jim Cramer"Amazon is either the Grim Reaper for everyone or the greatest thing that's ever happened to the American consumer. Or maybe both," Cramer said on ""Has Amazon not become a country during this period?" Cramer added, noting Amazon's dramatic hiring to keep pace with coronavirus-related demand increases while the rest of theU.S. economy has shed 22 million jobsSince March, the e-commerce giant has added more than 100,000 new employees, with plans to add another 75,000 to its ranks."They're a juggernaut that just wipes out everybody," said Cramer, pointing to Amazon's far-reaching operations into a myriad of sectors. "Look what they're doing to the drug stores."In addition to increasing hiring in response to the pandemic, Amazon hasincreased pay for workersworkers urged them to do soBut Amazon also hasfaced push backstaged protestsCramer's comments Thursd Show less Read more
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