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Amazon Earnings Fail To Please Investors

Despite posting record quarterly profits on Thursday, Amazon saw its stock get hammered in after-hours trading. “The online retailer’s shares plunged as much as 15% … erasing more than $30 billion in market value despite a profit that more than doubled to $482 million in the holiday period,” The Wall Street Journal reports. “The failure to meet outsize expectations underscores the pressure Amazon now faces.”

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