Good morning! It will be sunny and warm today and this weekend in New York. Let’s look at the news:
Amazon’s earnings report was a disappointment to investors. Revenue was in line, but EPS was way below expectations, and it forecast a massive $410-$810 million loss for the next quarter. Nobody saw that coming and the stock fell 7% after hours.
Zillow wants to buy Trulia for $2 billion. The both do the same thing — real estate listings. The merger would create the largest real estate website company in the U.S.
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