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Amazon Stock Suffers Its Biggest One-Day Drop Since 2006, Falling 14% After Report Of Quarterly Loss
Falling victim to the latest spasm of market volatility, Amazon shares plunged 14% today in the wake of a poor first-quarter earnings report.
It was the company’s worst single-day decline since 2006, according to Bloomberg data. The pullback, which saw the stock settle at $2,485.63 erased more than $200 billion in…
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By Dade Hayes
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2 Comments Comment on Amazon Stock Suffers Its Biggest One-Day Drop Since 2006, Falling 14% After Report Of Quarterly Loss
Amazon CEO-In-Waiting Andy Jassy Gets $214M Stock Grant As He Gets Set To Replace Founder Jeff Bezos In Top Job
Amazon has awarded veteran exec Andy Jassy more than $214 million in stock grants, which will vest over a 10-year period, as he gets set to replace Jeff Bezos as CEO.
The tech giant revealed the award in an SEC filing this evening.
The changing of the executive guard will happen Monday. Jassy has been heading up…
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By Dade Hayes
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Amazon Raises $10 Billion In Debt Sale With Record Low Interest Rates In Oversubscribed Offering
Amazon said Wednesday it closed the sale of $10 billion worth of fresh debt at record low interest rates. It sold six tranches of notes of between $1 billion and $2.5 billion with maturities of up to 50 years. Proceeds will be used for general corporate purposes, which could include paying down other debt, stock…
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