Amazon, Inc. (AMZN) Stock: Price is Up as Amazon Makes Surprise TikTok Bid
TLDR:
- Amazon has made a last-minute bid to acquire TikTok’s US operations before a Saturday deadline
- Market experts are divided on Amazon’s outlook, with some raising “alarm bells” while others see it as “undervalued”
- AWS generates $100 billion in annual revenue and is growing at 20% yearly
- Amazon’s recent Spring Sale generated significant consumer interest after e-commerce struggles
- Jeff Bezos has been working to improve relations with President Trump after previous tensions
Amazon has made a surprise last-minute bid to purchase TikTok’s US business, just days before the Saturday deadline that would see the app banned in America if not sold by its Chinese owner ByteDance.
The retail giant submitted its…
