Competitive PressureThe threat, real or perceived, of Walmart as a scaled competitor in merchant services, specifically logistics and fulfillment, could impact the North America operating income margin recovery story at Amazon.
Financial PerformanceThe Kuiper project involves very high upfront capital expenditures and operating losses before it can become profitable.
Regulatory And Economic ChallengesRegulatory challenges persist, with concerns about the economic environment potentially impacting future performance.