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“Amazon’s Cloud Unit Disappoints: Shares Drop 4% in Response to Weaker-Than-Expected Growth”
Amazon Shares Take Hit After Disappointing Cloud Computing Results What Happened Amazon shares fell 4% in Frankfurt on Friday, following the release of the retailer’s quarterly results which highlighted weakness in its cloud computing unit. The company also forecasted lower-than-expected revenue and profit for the first quarter. Cloud Computing Unit Struggles One of the main…