The decline leaves investors who bought into the company at the IPO price sitting on paper losses for the first time, potentially testing confidence in the stock.
Amazon said Wednesday that the technology company will launch its new satellite internet service Amazon Leo in South Africa in 2027, seemingly pushing ahead of Elon Musk's rival Starlink to win business in Africa's most advanced economy.
Elon Musk gave $5 million to back Vivek Ramaswamy's campaign for Ohio governor, seemingly moving past tensions around the effort to downsize the federal work force.