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Second, management should affirm that the AWS growth deceleration is nearing its end after hitting mid-teens YoY growth in January. Based on encouraging management comments from SaaS businesses I used to cover on SA, I feel this is also a feasible possibility. During 2022, Amazon SBC expense growth and shareholder dilution increased considerably. However, I believe that the current level of yearly shareholder dilution of 1.6-1.7% is still appropriate. Slowing/reversing personnel growth, as well as a seemingly deliberate management approach to control dilution, lead me to believe that investors need not be concerned. I believe we are nearing the end of the dilution cycle, which should reverse as the company's bottom line improves during the year.

temu reviews better business bureau

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