Want to earn $1000 in a day without any effort? Click Here to know more Catch up: Amazon’s profit grows 220 percent as pandemic benefits Big Tech. - US Today Life

Catch up: Amazon’s profit grows 220 percent as pandemic benefits Big Tech.


  • With the pandemic shifting gross sales on-line and shoppers flush with stimulus checks, Amazon on Thursday reported $108.5 billion in gross sales within the first three months of the yr, up 44 p.c from a yr earlier. It additionally posted $8.1 billion in revenue, a rise of 220 p.c from the identical interval final yr. The excessive quantity of orders through the pandemic has let Amazon function extra effectively. It has run its warehouses nearer to full capability, and supply drivers have made extra stops on their routes, with much less time driving between clients. The variety of objects Amazon bought grew 44 p.c, however the associated fee to satisfy these orders was up solely 31 p.c.

  • Twitter reported on Thursday that its income within the first quarter of the yr was $1.04 billion, a 28 p.c enhance from the identical quarter the earlier yr that modestly exceeded analyst expectations. Internet earnings for the quarter was $68 million, a turnaround from an $8.4 million loss in the identical quarter a yr in the past. The banning of former President Donald J. Trump didn’t seem to have harm Twitter’s monetary efficiency within the quarter. The corporate noticed a 20 p.c bounce in each day energetic customers who see adverts, to 199 million. It additionally added new promoting codecs, resulting in a 32 p.c enhance in advert income within the quarter.



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