Business
Amazon surges with record $190 billion gain in value, shares jump 13.5%
Published
3 years agoon
By
Digital Team
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.
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.”
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.
Complete News Source : Business Standard
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$92.8 million
Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…
Published
2 months agoon
January 30, 2025By
India
Akshay Kumar and Priyadarshan, the acclaimed Indian director, celebrated their 68th birthday on Instagram. Kumar, who has worked with Priyadarshan on several cult comedies of the early 2000s, wished him a happy birthday and called him a mentor. The duo is now back together for their upcoming horror-comedy, Bhooth Bangla.
The first poster of the movie has been released, and it is expected to hit theaters in 2025. Akshay Kumar wore a black fedora and a green jacket, layered over a black tee, and fans have expressed their excitement for their new movie.
The duo’s dynamic and deep bonding have been praised by fans, who have expressed high anticipation for their new movie. The first poster of Bhooth Bangla has already been released, and the movie is expected to hit theaters in 2025.
Akshay Kumar, the versatile Bollywood actor, recently celebrated director Priyadarshan’s birthday by sharing a behind-the-scenes (BTS) photograph from their upcoming film, “Bhooth Bangla.” In the image, Akshay humorously captioned, “Surrounded by ghosts…” The photo features Akshay alongside Priyadarshan and co-actor Paresh Rawal, all dressed in traditional attire, with a black cat perched on Akshay’s shoulder, adding a whimsical touch to the scene.
Reunion After 14 Years
This collaboration marks a significant reunion between Akshay Kumar and Priyadarshan, who last worked together on the film “Bhool Bhulaiyaa” in 2007. Their partnership has been celebrated in the past for delivering successful comedies like “Hera Pheri” and “Garam Masala.” Fans have eagerly anticipated their return to the big screen together, and “Bhooth Bangla” promises to be a delightful addition to their repertoire.
About ‘Bhooth Bangla’
“Bhooth Bangla” is a horror-comedy that blends elements of suspense with humor, a genre in which both Akshay Kumar and Priyadarshan have excelled. The film is produced by Balaji Telefilms Ltd in association with Cape of Good Films. The motion poster released earlier this year features Akshay Kumar in a suit, with a cat on his shoulder, licking milk slyly, setting the tone for the film’s intriguing and humorous premise.
Anticipation and Fan Reactions
The BTS photo shared by Akshay Kumar has generated excitement among fans, who are eager to see the trio back together on screen. The playful caption and the presence of the black cat suggest that “Bhooth Bangla” will offer a mix of thrills and laughs, staying true to the successful formula of their previous collaborations.
As the release date for “Bhooth Bangla be a significant highlight in the upcoming entertainment lineup. The reunion of Akshay Kumar, Priyadarshan, and Paresh Rawal, combined with the intriguing premise and the playful BTS moments, has set high expectations among audiences. Fans can look forward to a cinematic experience that promises both chills and chuckles.
For a visual glimpse into the making of “Bhooth Bangla,” you can watch the following video Akshay Kumar expressed his gratitude as they once again united for their upcoming movie Bhooth Bangla. This marks a new chapter in their long-standing collaboration since the 2000s. He shared a picture from behind the scenes of their new movie, where it seems like they are laughing about something.
Akshay wrote,”Happy Birthday, Priyan Sir! What better way to celebrate than by spending the day on a haunted set, surrounded by ghosts…both real and unpaid extras? Thank you for being a mentor, and the only person who can make chaos look like a masterpiece. May your day be filled with fewer retakes. Wishing you a fantastic year ahead!”
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