💨 Abstract

Amazon's shares dropped sharply on Thursday due to weakness in the cloud computing unit and lower-than-expected first-quarter revenue and profit forecasts. The company's cloud unit, Amazon Web Services, reported a 19% revenue rise to $28.79 billion, missing estimates, and Amazon anticipates between $151 billion and $155 billion for the first quarter, compared with the average estimate of $158 billion.

Courtesy: theprint.in

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