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)
Thursday, 13 February 2020 () **
· *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...
We all know the cloud infrastructure market is extremely lucrative; analyst firm Canalys reports that the sector reached $30.2 billion in revenue for Q4 2019.... TechCrunch Also reported by •bizjournals