While Meta suffered a hit, Amazon announced good news, and a $20 a year increase for Prime subscriptions, which brought shares up 18%. The battle between Mark Zuckerberg’s and Jeff Bezo’s empires is clearly going to heat up. Driving some of the success in Amazon includes NFL, Lord of the Rings, and an unsurprising, yet long term success due to the ongoing pandemic. They have also been maneuvering into many fields to become a logistics giant.
Amazon’s solid earnings report and plan to boost Prime subscription rates causing its stock to stage a big rally after hours.
Found at deadline.com
