Shares of Meta Platforms Inc. tanked Thursday after the social-media company fell short with its quarterly outlook and outlined a laundry list of business pressures—from the rise of TikTok, to privacy changes made by Apple Inc., to macroeconomic constraints on ad spending. Read More...
TheStreet.com
Amazon Primes Itself to Take on a Fresh New Market
In the eyes of investors, Amazon’s performance and future prospects are viewed and interpreted in terms of the health of its cloud division. In the third quarter, AWS accounted for all of Amazon’s $4.9 billion in operating income. The second thing that investors are interested in is Amazon’s investments in the entertainment industry and also in devices and hardware aka Fire, Echo, Astro, Glow, etc. Or how the company intends to compete with Netflix , Disney , Apple TV+, and HBO MAX in streaming and its thundering projects in sport with the purchase of numerous television rights in football and soccer, and the financing of films and original content for Prime.
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