Amazon Stock Soars on Good Enough Earnings. The Price of Prime Is Going Up. – Barrons

Amazon.com reported strong fourth-quarter results on Thursday, driven by strong growth in both its AWS cloud unit and its growing advertising business.

The results could be a relief to some investors given the weak numbers on Wednesday from Facebook-parent Meta Platforms.

Amazon (ticker: AMZN) shares were jumping 10.7% to $3,074 in premarket…

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