Amazon Stock Soars on Good Enough Earnings. The Price of Prime Is Going Up.

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https://www.barrons.com/articles/amazon-stock-price-earnings-51643901851

Updated Feb. 4, 2022 10:18 am ET / Original Feb. 3, 2022 10:28 am ET

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Amazon.com reported strong fourth-quarter results on Thursday, driven by strong growth in both its AWS cloud unit and its growing advertising business.

The results could be a relief to some investors given the weak numbers on Wednesday from Facebook-parent Meta Platforms.

Amazon (ticker: AMZN) shares jumped 12% to $3,097 Friday. Even with…

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Alejandro Motsinger

I’m a journalist who specializes in investigative reporting and writing. I have written for the New York Times and other publications.