A few weeks ago, Amazon announced its quarterly results. Like last year, the numbers looked good. Really good. Amazon has been ridiculed for years as a profitless company backed by big investors. Revenue rose 31 percent from $ 23.9 billion to $ 30.4 billion, while profits rose 832 percent from $ 92 million to $ 857 million.
Most of the profit came from AWS: With revenues of $ 2.88 billion, AWS reported …
FintechTelegraph © 2020. All Rights Reserved.
