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Microsoft sees $17 billion of market value erased in just 5 minutes after a judge grants Amazon's request to block a key cloud contract (MSFT)

Business Insider Thursday, 13 February 2020 ()
Microsoft sees $17 billion of market value erased in just 5 minutes after a judge grants Amazon's request to block a key cloud contract (MSFT)**

· *A federal judge on Thursday approved a motion by Amazon to have the Defense Department suspend work on the JEDI cloud contract Microsoft won last year. *
· *Shares of Microsoft fell as much as 1% on Thursday afternoon.*
· *The move erased $17 billion from the technology giant's market capitalization in just a few...
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News video: Amazon Wants President Trump To Testify Over Cloud Services Contract

Amazon Wants President Trump To Testify Over Cloud Services Contract 01:42

Amazon lost out on the $10 billion contract to Microsoft to provide cloud computing services to the Pentagon.

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