Scalper1 News
Amazon.com (AMZN) is not likely to spin off its cloud computing business, Amazon Web Services, any time soon, says investment bank Monness Crespi Hardt. Growing at a steady clip — AWS earned $2.08 billion in Q3, up 78% over the year-earlier quarter — the cloud computing business has come under scrutiny by investors because some suspect that the e-commerce leader might spin off AWS to unlock value, says Monness Crespi analyst James Cakmak in a Scalper1 News
Scalper1 News