Amazon surges $135 billion in biggest boost to market value ever

Bezos pockets about $20 bn; e-commerce giant lifts veil off YouTube-sized advertising business, hikes Prime membership fee in US, citing rising wages, costs

Amazon.com is giving the market back what Meta Platforms just took away — or at least a big chunk of it. 

The e-commerce giant rose 9.6 per cent, adding more than $135 billion in market value, after climbing as much as 12 per cent at Friday’s open. That would be among the biggest single-day gains in US stock market history, and would come just a day after Facebook parent Meta Platforms entered the other end of the record book with a $251 billion wipeout. 

 Amazon’s move could come close to Apple ’s US record from last week —the iPhone maker