Amazon declined to buy Arabic shopping platform Souq.com. Souq.com – is s service, that contains functions from Amazon and eBay, and it is the most popular platform of the Near West. The deal was cancelled because sides didn’t come to an agreement on the purchase price. Souq.com could open a new perspective to Amazon and positively effect of company’s stock price. Souq.com continued potential buyers search.
During the week, Amazon stocks decreased by 1,6%. It is a negative trend, that traders can use to make forecasts. Trading will be available during the American session, from 14:40 to 21:00 GMT.
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