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Google shares rise ~$30 since Amazon released its new Kindles

• Empro 14y ago
  Amazon's stock is also up... and by a bigger margin. http://sg.finance.yahoo.com/q?s=AMZN http://sg.finance.yahoo.com/q?s=AMZN
  • nubela 14y ago
    the question is, why did google's stocks go up? also hi fellow singaporean :)
    • Empro 14y ago
      haha I just used your link
• denzil_correa 14y ago
  What is the connection?
  • bradddd 14y ago
    I doubt it's the main driving force, but the revelation that the new Kindles are ad-supported. It could be consumers have more faith in the Nexus 7 overtaking the Kindle Fire going forward. And at the same time, excitement for Amazon's new products.
• incision 14y ago
  A few things... 1) Pretty much everything is up significantly across the last 2 days on ECB news [1]. 2) Anecdotally, traders love to speculate on pretty tenuous associations. "Oh, there's a story about X in the news? Who else makes X? I better buy some." 3) GOOG closed at a new high yesterday. There are surely plenty of traders seeing that as confirmation of a breakout and piling in today. Amazon's announcement is part of the move, but I'd wager it's a small one. 1: http://online.wsj.com/article/SB10000872396390444273704577635122724449562.html?mod=googlenews_wsj http://online.wsj.com/article/SB1000087239639044427370457763...