It's been rumored that Amazon (NASDAQ: AMZN) is interested in getting into the wireless business. That might seem like bad news for existing wireless companies, but that may not be the case. Their biggest moneymaker is wireless services, which Amazon would buy from them. In the video below, Travis Hoium covers why this may not be bad news.
*Stock prices used were end-of-day prices of June 13, 2023. The video was published on June 14, 2023.
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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Verizon Communications. The Motley Fool has positions in and recommends Amazon.com. The Motley Fool recommends Comcast, T-Mobile US, and Verizon Communications. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
