Amazon getting rid of telehealth service Amazon Care - WaPo
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Note: Article has been updated with share price moves for Teladoc Health and American Well.

Amazon (NASDAQ:AMZN) will axe its Amazon Care telehealth business by the end of the year, The Washington Post reported.

Amazon Care employees learned about the shutdown in a meeting today, according to the newspaper.
The product provides virtual care through a team of mobile health nurses.
In his 2021 letter to shareholders, CEO Andy Jassy called Amazon Care the "type of iterative innovation" that is "pervasive across every team at Amazon."
The Post said that Amazon Care has six corporate customers, and the reason for eliminating the business is that those customers weren't seeing the value of the product.
In after-hours trading telehealth competitor Teladoc Health (TDOC) is up 4% and telehealth software provider American Well Corp. (AMWL) is up ~12%.
In July, Amazon (AMZN) shelled out $3.9B to acquire membership-based physician care platform One Medical (ONEM).