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Friday, October 29, 2021

Amazon profit plunges 50% year over year — with more pain to come


Amazon profit in the third quarter of this year fell by nearly 50% compared with the same period in 2020, to $3.2 billion, as the company continues to invest heavily in warehousing and logistics to meet the online shopping boom.

source https://www.seattletimes.com/business/amazon/amazon-profits-plunge-50-year-over-year-amid-massive-warehouse-expansion-with-more-pain-to-come/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_technology

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