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Amazon surges with record $190 billion gain in value, shares jump 13.5%

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Amazon surges with record 0 billion gain in value, shares jump 13.5%

Amazon posted its biggest one-day gain ever, a day after Facebook owner Meta Platforms suffered the worst stock market value loss in U.S. corporate history.

Shares of the online retail and cloud computing giant surged 13.5% after its blowout quarterly report on Friday, adding about $190 billion to its market value by the close of trading.

That beat Apple’s record $181 billion one-day gain on Jan. 28, after the iPhone maker released its own blockbuster quarterly report, according to Refinitiv data.

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Amazon is now worth about $1.6 trillion. Shares of Meta Platforms fell 0.3% on Friday, with a market value of about $660 billion.

Shares rose late Thursday after the company reported a better-than-expected profit and said it would raise annual subscription prices for U.S. Prime members by 17%.

Amazon’s surge came a day after Meta Platforms’ stock tumbled more than $200 billion in market value, the biggest one-day loss for a U.S. company, after the social media giant issued a dismal forecast.

“After battling post-lockdown blues in 2021, we believe Amazon’s fortunes have the potential to improve as 2022 unfolds,” Monness Crespi Hardt analyst Brian White wrote in a research note. One of the biggest beneficiaries of digital transformation is uniquely positioned to emerge from this crisis.”

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Retail investors appear to have taken advantage of Amazon’s gains to take profits. Amazon was the most-traded stock among its customers on Friday, with sell orders outnumbering buy orders by more than 2 to 1, according to data on Fidelity’s website.

Amazon’s growth in value has outstripped the market capitalization of companies including AT&T Inc, Morgan Stanley and Netflix Inc.

Apple, Microsoft and Google parent Alphabet Inc remain the most valuable companies on Wall Street, with market capitalizations of $2.8 trillion, $2.3 trillion and $1.9 trillion, respectively, according to Refinitiv data.

Shares of Amazon are still down about 15% from a record close of $3,731.41 set in July.

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Stephanie Hsu and Zosia Mamet talk about their new series Laid, and some of the horrors of dating as millennials.
Imagine a scenario where anyone and everyone you have ever been intimate with begins to die one by one. Is it a curse? If yes, then who is cursed? These are questions that Stephanie Hsu‘s Ruby battles with in the new zany comedy, Laid. Ahead of the show’s release, Stephanie and co-star Zosia Mamet spoke exclusively with HT about their roles, the show’s unique premise, and the horrors of dating as millennials. (Also read: Dune: Prophecy star Emily Watson on working with Tabu: ‘She is a true treasure’)

Stephanie Hsu on her character’s flawed morality

Laid, created by Nahnatchka Khan and Sally Bradford McKenna, is the story of Ruby (Stephanie Hsu), who discovers that all her sexual partners are dying one by one, and she must warn them. Helping her in this unique quest is her best friend AJ (Zosia). The fun thing about Laid is that the protagonists are not the usual likeable characters. “She is totally an anti-hero of our story. I really love that,” says Stephanie, referring to Ruby’s moral greyness. “I am not a perfect person and I love playing flawed characters. But it was difficult. The creators told me that she is a total narcissist. But narcissists don’t think they are one, so I had to figure out a way to love her. For me, playing Ruby was about getting into her psychology and finding the innocent part of her – which is that she just wants love,” the actor adds.

While sitcoms usually add the best friend as the voice of reason trope, Laid diverges from that, with AJ even zanier and more morally ambiguous than Ruby. Talking about playing such a colourful character, Zosia Mamet says, “When you play not-so-likable or zany characters, people don’t believe they are that way. I don’t think AJ wakes up every morning and thinks, ‘I am absolutely crazy’. It’s about trusting the writing and finding an organic way into these characters to make them seem grounded, real, and relatable.”

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Stephanie, Zosia reveal the worst gifts they received from partners

In Laid, Ruby gives the gift of death to the men she is with, even if that is inadvertent. Ask the women about the worst ‘gift’ a partner has ever given them, and the discussions veer into the unusual horrors of modern-day dating. “I got a vintage wooden duck decoy from someone. It was broken, and I thought, ‘What does this say about our relationship?’. They didn’t know me well enough to know if I’d want this but also that they gave me something old and ailing,” Zosia says with a laugh.

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