Amazon Shares Rise After Move On Netflix

Wall Street loves Jeff Bezos’ chutzpah. Shares of Bezos’ Amazon popped 1.5 percent in early Monday trading, hours after the e-commerce giant announced it was taking direct aim at Netflix by offering a standalone, pay-by-the-month video streaming service. Called Prime Video, the service costs $8.99 a month — or $1 less than Netflix will cost...

BING NEWS:
  • Amazon Shares Rise on Robust Demand, Surge in AI Infrastructure Spending
    Shares of Amazon—which had risen more than ... Amazon Web Services, in a move to better capitalize on AI. Revenue from Amazon Web Services grew by 19% to $27.45 billion. The business is the ...
    10/31/2024 - 9:36 am | View Link
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