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Amazon’s Prime Day Surpassas Black Friday, Cyber Monday 

Stock MarketsJul 17, 2019 11:55AM ET
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© Reuters.

Investing.com - Prime Day is the new Black Friday if you look at the results for Amazon (NASDAQ:AMZN).

The e-commerce giant reported that this year’s two-day shopping extravaganza was bigger than last year’s Black Friday and Cyber Monday combined, with 175 million items sold.

The July 15-16 sale was also the biggest event for Amazon devices like Echo Dot, Fire TV Stick and Alexa Voice Remote, the company said.

“Members purchased millions of Alexa-enabled devices, received tens of millions of dollars in savings by shopping from Whole Foods Market and bought more than $2 billion of products from independent small and medium-sized businesses,” CEO and Founder Jeff Bezos said in a press release.

Amazon shares were offset by news that the European Union has opened an antitrust investigation into its use of merchants’ data.

Amazon fell 0.5% in midday trade.

Amazon’s Prime Day Surpassas Black Friday, Cyber Monday 
 

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Rik van Lier
Rik van Lier Jul 17, 2019 1:20PM ET
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because the economy is running on air lol, look at the figures, everything is slowing down and is screaming for rate cuts.
Andrew Hook
Andrew Hook Jul 17, 2019 1:20PM ET
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And to boost the economy Amazon is doing sales ;)
Andy Brinkhaus
Andy Brinkhaus Jul 17, 2019 1:20PM ET
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QE stock bubble
roger skebelsky
roger skebelsky Jul 17, 2019 12:37PM ET
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That’s 2 billion in sales but how much of that will be in credit card debt.
Paulius Matiusovas
Paulius Matiusovas Jul 17, 2019 12:34PM ET
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last sentence amzn fell :D
Chris Ru
Chris Ru Jul 17, 2019 12:31PM ET
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Why are we cutting rates ....
GR Mishra
GR Mishra Jul 17, 2019 12:31PM ET
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So that the huge corporations have more money to increase the pay of their executives and buy back their own shares. And, to reduce the interest we earn on our deposits. Rich get richer, others get poorer. BTW, how many studies have shown that the lowering of interest rates boosts the economy? I have come across some which posit the opposite. So 'lowering interest rates to boost the economy' could be another of those lies which we accept without counter-questioning. Even intuitively, it does not make sense if you give it a deeper thought. Of course, a genuine economics researcher could shed some light on it. I am not too sure anymore.
Steven Ownz
Turtle_Steven Jul 17, 2019 12:25PM ET
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and why are we screaming recession...
Bekim Disha
Bekim Disha Jul 17, 2019 12:25PM ET
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Because debt and low interest rates in a fake boom economy?
Andrew Hook
Andrew Hook Jul 17, 2019 12:25PM ET
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just look at truck industry and truckers.
Akhter Rasool
Akhter Rasool Jul 17, 2019 12:06PM ET
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Wonderful
Fahad Naseer Kiani
Fahad Naseer Kiani Jul 17, 2019 12:06PM ET
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I am new to Nasdaq,should buy or sell??Pls exlpain in detail for Nasdaq
Rik Raq
Rik Raq Jul 17, 2019 12:06PM ET
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Those Nasie bears don’t play
Zach Eisenbeis
Zeek Jul 17, 2019 12:06PM ET
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buy qqq if you like the Nasdaq. its a Nasdaq 100 etf. I see the market rising over the next 2 years so it would be a great time to buy if I'm right.
Zach Eisenbeis
Zeek Jul 17, 2019 12:06PM ET
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but I'm also just some guy on the internet... so... yeah I could be a complete ******
 
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