On Thursday, Amazon.com Inc (NASDAQ: AMZN) topped analyst estimates with its quarterly results thanks to a record holiday season. After earnings rebounded, Amazon also guided for accelerating cloud growth. Fourth Quarter Had A Record-Breaking Holiday Season For the quarter that ended on December 31st, the Seattle-based company reported its pre-tax earnings rebounded from 2022’s comparable quarter ($2.7 billion) to $13.2 billion, topping analyst estimates of $10.4 billion. Revenue also increased
(Bloomberg) Jeff Bezos plans to sell as many as 50 million shares of Amazon.com Inc. over the next 12 months, potentially cashing in on a stock surge that’s put him within reach of becoming the world’s richest person.Most Read from BloombergDonald Trump Loses London Case Against Ex-MI6 Spy Over Kremlin DossierA $560 Billion Property Warning Hits Banks From NY to TokyoThe Most Popular Man in Ukraine Has Become a Problem for ZelenskiyApple’s China Slump Deepens Even as Total Sales Grow AgainSto