Amazon's third quarter profits came in much lower than expected. Revenue missed as well, and guidance for the fourth quarter was conservative. As ceo andy jassey said, amazon expects to take on several billion dollars of additional costs due to supply chain increase,. And yet, chason shares of amazon basically flat this week.
Microsoft becomes the world’s most valuable company. Amazon and Apple deal with supply chain issues. Alphabet rises on (what else?) strong ad sales. Visa gets a visit from the U.S. Department of Justice. Facebook changes its name to Meta. Atlassian hits a new all-time high.
Ron Gross and Jason Moser analyze those stories, discuss the latest earnings from Starbucks, McDonald’s, Shopify, Twilio, and share two stocks on their radar: Asana and Teladoc Health.
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