By Andrew Lisa
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It was part of a trend that saw other pandemic-era darlings shedding value and cutting costs, including Meta (Facebook), Alphabet (Google), Microsoft, Netflix and several video-game industry heavies.
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Its cloud computing division was good for $2.9 billion in profit during the same three months.
On Nov. 15 — after all the bad news had already hit the headlines — Barron’s reported that MoffettNathanson analyst Michael Morton advised investors to buy, adding that “the stock is still the best play on e-commerce.”
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