Prudent cost-cutting move artfully dressed up as response to local politicians that had railed against the $3-billion corporate welfare package.
It gets costly when the entire market depends on a handful of over-hyped mega-caps.
It owns 33% of the internet “cloud,” 49% of US e-commerce, and is elbowing into other sectors.
Brick & Mortar Meltdown: Dog of the Dow on 3rd Day in the Dow.
Without them, retail stocks are down.
Amazon reports loss, stock jumps15%, market cap jumps $25 billion. Party on.
Superb, funny video on these companies & their mixed future.