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Amazon online store worth 191 billion dollars extra after record price jump | Economy

With that, the stock exchange week had a flashy end after Facebook parent company Meta Platforms went down badly on Thursday, with the result that CEO Mark Zuckerberg lost tens of billions of dollars in assets. Amazon shares closed 14 percent higher on Friday.

The profit of the American company has been higher than expected in the past period and Amazon announced to increase the prices for its streaming service Prime. Amazon also grew rapidly again. Turnover in the last three months of last year was almost a tenth higher than in the same period a year earlier.

In its own words, the group benefited from a historically large influx to its sites during the Black Friday and Cyber ​​Monday sales festivities. Meta saw no less than $250 billion in market value go up in smoke on Thursday. Shares Meta were also not in demand on Friday and closed slightly in the negative. Amazon and Meta are not the only companies that have shown large price movements in recent days.

For example, Snap, the company behind the Snapchat app, also rose very strongly on Friday thanks to well-received quarterly results. The company’s stock market cap rose nearly 59 percent, helped by more customers for the temporary video and photo messaging platform. In the wake of Amazon’s price gains, many tech companies continued to win sharply.

Amazon online store worth 191 billion dollars extra after record price jump | Economy
Source link Amazon online store worth 191 billion dollars extra after record price jump | Economy

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