Why Amazon Stock Dropped on Tuesday
Shares of Amazon.com (NASDAQ: AMZN) slid 3% through 12:30 p.m. ET on Tuesday after Reuters -- in an exclusive report -- warned that British regulators may launch an antimonopoly investigation into the company's dominance of the cloud computing marketplacej.
(NASDAQ: MSFT) -- also reported to be part of the probe -- saw its shares slide a similar 2.5%.
As Reuters reports, the British media regulator "Ofcom" (short for the Office of Communications) has actually been looking into Amazon's and Microsoft's dominance in cloud computing since April -- but is now preparing to issue an official report on Thursday.
Source Fool.com
Microsoft Corp. Aktie
379,60 €
-1,06 %
Microsoft Corp. sticht hervor mit 109 Buy- und nur 2 Sell-Einschätzungen.
Das von der Community festgelegte Kursziel von 426 € für Microsoft Corp. deutet auf ein leichtes Wachstumspotenzial im Vergleich zu 379.6 € hin.
