Amazon's stock popped 13% on Thursday afternoon, fueled by huge Q3 growth at AWS. The earnings call with analysts is scheduled for 5 p.m. ET.

“We are thrilled to welcome Jeff Bezos, founder of Amazon and Blue Origin, to Miami for the America Business Forum,” Miami Mayor Francis Suarez said. “His presence underscores the global significance of this event, and we are so proud to have him take the stage as our closing keynote speaker.”

Amazon posted higher fiscal third quarter profit and sales compared with a year ago, fueled by accelerating growth in its cloud computing business and strong spending by its customers looking for low prices at a time when inflation is resurging.

To buy one share of Amazon at the time of its IPO, you would have paid $18. This is in addition to whatever commission your broker charged at the time -- after all, in the 1990s, commission-free trading wasn't yet available anywhere. However, just based on the IPO price, you would have paid $18.

A major outage last week disrupted Amazon's cloud division for 15 hours, affecting hundreds of companies and raising questions about AWS' resilience.

Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Matt Day sizes up Amazon’s place in the changing cloud computing market.

Amazon chief executive Andy Jassy’s explanation for why the company is cutting 14,000 employees? Not money. Not even AI, but “culture.”

Amazon's cloud business knocked it out of the park and CEO Andy Jassy hinted that the unit is gaining momentum heading into the next few months giving him 'significant confidence' he said.