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
403,10 €
3,03 %
Klare Kaufstimmung für Microsoft Corp.: Viel mehr Buy- als Sell-Einschätzungen.
Ein Kursziel von 500 € für Microsoft Corp. würde eine Steigerung von mehr als 20% gegenüber dem aktuellen Kurs von 403.1 € bedeuten.
