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Amazon at $250: $1 billion “Built Together” Data Center Push Is Already Backfiring

Source: 247wallst.com

Company FundamentalsTechnology & InnovationCorporate Earnings
Amazon at $250: $1 billion “Built Together” Data Center Push Is Already Backfiring

Amazon is spending $200 billion in a single year to expand its cloud infrastructure, while free cash flow has turned negative. Its stock has slipped 8% from its post-earnings peak.

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