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

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· *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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