Friday, 24 March, 2023

Amazon’s value increases by over $190B, breaks all single day record

<p>Amazon posted an increase of about 13% in its stock market value with the company now valued at $1.6T. This breaks the record for a single-day increase in value which was held by Apple after it gained $180B on January 28th . The news comes a day after Meta stock plummeted by over 25%. The company reported higher-than-expected profits and announced a 17% fee hike for its Prime service in the US. Even after this record jump, Amazon shares are still 15% down from their peak on Jul 21.</p>