The only one having a good 2020... Amazon brought in record-high sales last quarter, breaking its all-time high from the previous quarter. We lost count of how many fleece sweatpants we 1-click ordered, and Amazon probably would've lost count of how much $$$ it raked it (if it weren't required to report that to the SEC):
Quick, create a diversion... Amazon knows that its mega sales were driven by a world-shattering pandemic, so it made sure to highlight all the good things it did for the world last quarter. It:
Amazon's future: cloudy with a chance of breakup?... Amazon's cloud computing unit AWS made up a whopping ~57% of its profit last quarter and ~12% of sales. As Congress continues to grill Big Tech on its monopoly-like ways, this question will probably come up: why does the largest e-commerce service also own the largest cloud computing service?