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UPS stock plummets 15% because it's about to do a lot less Amazon business

Lucian Nemoiu

In This Story UPS -13.75% AMZN -0.40% AB +1.20% UBS +0.35% EVR +2.49% Shares of United Parcel Service ( UPS -13.75% ) dropped 15% on Thursday, marking its worst day ever, after the company announced a significant reduction in its business with Amazon ( AMZN -0.40% ), its largest customer. The move, which will see UPS lower its Amazon-related revenue by more than 50% by the second half of 2026, has rattled Wall Street. Suggested Reading What DeepSeek’s AI breakthrough means for Meta, OpenAI, and

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UPS stock plummets 15% because it's about to do a lot less Amazon business https://qz.com/ - 30.01.2025 22:51
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