Amazon PHOTO: Reuters A week of blockbuster earnings reports from Big Tech culminated Thursday with Amazon crushing forecasts of how much money it would rake in from pandemic-revved online shopping and growing reliance on internet-hosted services. The e-commerce colossus is among the internet giants whose businesses thrived as precautions against Covid-19 led people around the world to go online for work, school, shopping and socializing. Amazon reported that its profit in the recently ended quarter tripled as online sales boomed. Revenue soared to $108.5 billion, an increase of 44 percent from the same period a year earlier, as the pandemic fueled a trend of shopping online instead of in real-world stores.
The Technology 202: Uber, Lyft and Doordash stocks plunged as labor secretary signals hard line on gig work
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The Technology 202: Uber, Lyft and Doordash stocks plunged as labor secretary signals hard line on gig work
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The Technology 202: Kamala Harris will lead the Biden administration s push to bring every American online Cat Zakrzewski
with Aaron Schaffer Vice President Harris will lead the Biden administration s unprecedented effort to ensure every American has access to affordable, high-speed Internet. President Biden announced the veep would take the lead on the issue during his first address to a slimmed-down joint session of Congress, where he touted his proposal to create new jobs through investment in expanding Internet access. Biden said his Americans Jobs Plan, which includes $100 billion for broadband expansion, will ensure that rural Americans who still don t have access to fast Internet connections can get online.
Amazon To Cap Blockbuster Big Tech Earnings Reports
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