Amazon has announced that it is putting the construction of HQ2, its second headquarters unveiled to much fanfare in 2018, on hold due to the company's slow growth in the wake of the coronavirus pandemic.
Amazon has announced that it is putting the construction of HQ2, its second headquarters unveiled to much fanfare in 2018, on hold due to the company's slow growth in the wake of the coronavirus pandemic.
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second headquarters. reporter: new york city emerged as one of the winners. new york governor andrew cuomo had said hq2 would launch new york as a rival to silicon valley. mayor de blasio promised it would benefit locals. hq2 did not get a warm welcome from everyone in the big apple. amazon pulling the plug on plans to build a campus in new york city. progressive new york politicians like alexandria ocasio-cortez criticized the billions in promised tax breaks and state grants. amazon didn t like the heat and killed the deal. number seven, the unicorn bubble bursts. wall street had high hopes for the market debut of startups worth at least $1 billion. lyft is leading a herd of unicorns ooub has arrived. slack shares rocket. reporter: enthusiasm quickly became disappointment. the year s biggest ipo is struggling reporter: the problem the companies aren t profitable, and in the case of uber and lyft,