Amazon Is Shutting Down Its Live Audio App Amp
Portfolio Pulse from Benzinga Newsdesk
Amazon is reportedly shutting down its live audio app, Amp, according to a Bloomberg post.
October 04, 2023 | 7:46 pm
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NEUTRAL IMPACT
Amazon's decision to shut down Amp may impact its diversification strategy in the digital media space.
The shutdown of Amp may indicate a shift in Amazon's strategy in the digital media space. However, given Amazon's vast portfolio, the impact on its overall business and stock price is likely to be minimal in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100