tl;dr
The Court of Justice of the European Union recently ruled against Amazon (NASDAQ:AMZN), putting a stop to the company's attempts to delay a part of the EU's content moderation law by keeping its online advertising information private. This decision came in the context of the Digital Services Act, wh...
The Court of Justice of the European Union recently ruled against Amazon (NASDAQ:AMZN), putting a stop to the company's attempts to delay a part of the EU's content moderation law by keeping its online advertising information private. This decision came in the context of the Digital Services Act, which aims to prevent illegal and harmful activities online and the spread of disinformation. Under these rules, Amazon falls under the category of "Very Large Online Platform," with over 45M users in the EU, posing particular risks in the dissemination of illegal content and societal harms. Despite a previous lower court ruling in its favor, the Court of Justice denied Amazon's request, sparking disappointment from the company. Nevertheless, Amazon's shares remained unchanged on Wednesday.
More about Amazon.com Inc
Amazon.com Inc is a leading multinational technology company specializing in e-commerce, cloud computing, digital streaming, and artificial intelligence. As one of the Big Five companies in the U.S. information technology industry, it holds significant influence in the global market. With a market capitalization of $185.2 billion, the company's stock performance has been stable, with a current price-to-earnings ratio of 61.27 and a dividend yield of 2.91%. The stock price has shown a strong upward trend, with a 52-week high of $192.12 and a low of $50.69. Market sentiment appears bullish, as indicated by a positive Relative Strength Index (RSI) of 55.78 and a Bollinger Bands reading of 0.0529. However, it is important to note that past performance is not always indicative of future results, and potential risks and uncertainties should be carefully considered.
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