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-0.000220835863744228 0.00115938828465747 0.000414067244520604 0.00167117539888487 -0.00215977474741897 -0.00963396455584389 -0.0091602716281124 -0.0167283166786286
Stock impact report

Citi Reportedly Tells Investors to Buy AMZN Stock on Weakness [Yahoo! Finance]

Amazon.com, Inc. (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Citi believes that AMZN would benefit significantly from acquiring TikTok. Photo by Austin Distel on Unsplash Why Citi Thinks That TikTok US Would Help AMZN Noting that TikTok Shop had generated $9 billion of gross merchandise volume (GMV) in the U.S. in 2024, Citi highlighted the potential synergies between TikTok and AMZN. TikTok's "strength across influencers" could enable Amazon to attract more potential buyers, Citi stated, according to Schwab. What's more, TikTok, which has 170 million monthly active users in America, could boost Amazon's ad business, Citi believes. However, multiple reports have suggested that "various parties involved in the talks" about a TikTok deal " do not appear to be taking Amazon's bid very seriously," Schwab stated. The bank kept a $270 price target and a Buy rating on AMZN. Other Potential Suitors for TikTok US Among the other potential acquirers of the short-video website are AppLovin (APP) and a consortium of Oracle (ORCL), Blacksto Show less Read more
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