Amazon lays off more than 100 employees in Wondery unit as part of audio business restructuring
Amazon acquired Wondery nearly five years ago as part of a push into original audio content.
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Amazon (NASDAQ:âŻAMZN) â Market Snapshot (AugâŻ17âŻ2025)
Price action: The stock has been on a shortâterm slide, tumbling more than 10âŻ% in two sessions at the start of August after Amazonâs Q2 earnings. While the results beat expectations, the guidance fell short of the 45âŻ% rally the shares have enjoyed since April, prompting a technical correction and a pullâback that coincided with a broader market slowdownămarketbeat.comă.
Analyst sentiment (lastâŻweek):
Growth narrative: A recent Buy recommendation highlighted Amazonâs strategic expansionâespecially in the grocery segmentâas a sizable growth engine in both U.S. and global marketsătipranks.comă.
Takeâaway: The recent dip appears to be a priceâcorrection rather than a fundamental reversal. Positive analyst upgrades and the companyâs continued push into highâgrowth areas (e.g., grocery, cloud, AI) suggest that the market may view the pullâback as a buying opportunity, especially if guidance improves in the next earnings cycle.
Amazon acquired Wondery nearly five years ago as part of a push into original audio content.
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