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Online shopping group Amazon soared on Wall Street on Friday. The company was listed up 9.6% on Friday followingnoon, or an additional valuation of 135 billion dollars (118 billion euros).
If the trend continues, it might be one of the biggest one-day profits in Wall Street history. Last week, Apple had already recorded a profit of 179 billion dollars (156.6 billion euros).
Amazon’s earnings come following a difficult day for the company on Thursday. The action was then listed 7.8% lower, causing a market value of 110 billion dollars (96 billion euros) to go up in smoke. The loss was mainly caused by the poor results of Meta, Facebook’s parent company, which saw its stock market value fall by 251 billion dollars (219.5 billion euros).
On Friday, however, Amazon’s stock rebounded, buoyed by strong earnings reports from cloud services and higher prices for Amazon Prime subscriptions.
