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Amazon Stock Soars Amid Big Tech Race, Cost Cut Review Report


Amazon (AMZN) – Get a free report Stocks edged higher on Thursday amid a broader rally in major tech stocks and a report from the Wall Street Journal suggesting the online retailer is looking to phase out some of its business. its loss business.

The magazine reported that Amazon, the first public company in history to lose more than $1 trillion in market value earlier this week, will be a cost-cutting review by CEO Andy Jazzy in the coming months, focusing on the voice-enabled Alexa enterprise, has about 10,000 employees.

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