Amazon.com (NasdaqGS:AMZN) Eyes TikTok Takeover as Share Price Dips 3%
Amazon.com (NasdaqGS:AMZN) has been in the spotlight with its recent bid to acquire TikTok amid a shuffle in app ownership discussions propelled by national security concerns. Despite this significant move, the company’s stock price dipped 2.55% over the past week. This decline coincides with broader market pressures from the imposition of new U.S. tariffs under President Trump’s administration, which have affected several tech stocks that depend on international trade. Alongside Amazon, other major tech companies faced similar declines as the tech-heavy Nasdaq Composite dropped 4.7% due to investor worries about increased manufacturing costs and potential impacts on corporate earnings.
