Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
April 29, 2021 11:01 pm GMT

Small businesses had a brutal pandemic. Amazon's earnings more than tripled.

Small businesses had a brutal pandemic. Amazon's earnings more than tripled.

The pandemic hit the bodies, hearts, and pocketbooks of most Americans hard. But Amazon did just fine.

Amazon released its earnings report on Thursday for the first quarter of 2021. It gives us a clear picture of how Amazon fared during the pandemic.

So how are Amazon's coffers looking? They are, frankly, overflowing. In January through March in 2021, it reported net income of $8.1 billion. That brings its total pandemic earnings to $26.9 billion. As MarketWatch points out, that's three times as much money as Amazon made in the previous three years combined.

It also tripled its earnings from the first quarter of 2020, when it reported net income of $2.5 billion Read more...

More about Amazon, Earnings, Pandemic, Tech, and Web Culture

Original Link: http://feeds.mashable.com/~r/mashable/tech/~3/BCqn2_hNPyg/

Share this article:    Share on Facebook
View Full Article

Mashable

Mashable is the top source for news in social and digital media, technology and web culture.

More About this Source Visit Mashable