Amazon Prime Day Isn’t the Catalyst It Used to Be

3 years ago by linkbot to c/news_finance

(Bloomberg) -- Amazon.com Inc.’s annual Prime Day shows that e-commerce isn’t the driver it once was for the stock, as investor focus shifts to the company’s faster-growing and profitable cloud-computing unit. Most Read from BloombergPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetMove Over Dubai. This Tiny Emirate Wants to Be the Next Haven for BillionairesJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionChina Slides to Brink of Deflation, Adding Stimulus UrgencyYellen
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