Tech companies are going to have to get more serous about protecting their users' data after the fall of Roe v Wade.
(Bloomberg) -- Amazon.com Inc.’s cloud-storage business is on a clear path toward a $3 trillion value, almost triple what the whole company is worth now in the stock market, according to a Redburn Ltd. analyst. Most Read from BloombergTrump’s Final Scene Didn’t Go According to ScriptTesla Cuts 200 Autopilot Workers as California Site ClosesRussia Slips Into Historic Default as Sanctions Muddy Next StepsBig Tech Sinks Stocks Bruised by Recession Jitters: Markets WrapStock Traders Take Risk Off Ta
Redburn Ltd analyst sees Amazon.com, Inc (NASDAQ: AMZN) Amazon Web Services poised for a $3 trillion value, almost triple Amazon's present worth. Alex Haissl considers Amazon's cloud unit potent enough to split it from the massive, slower-growing online retail operation lest the latter fail to recover. He did not offer any timeline for reaching the $3 trillion mark. Haissl recommended a Buy on the stock with a $270 price target implying an upside of 150%. He saw AWS as better positioned than riv