“Amazon on Thursday reported $108.5 billion in sales in the first three months of the year, up 44 percent from a year earlier.
It also posted $8.1 billion in profit, an increase of 220 percent from the same period last year.” nytimes.com/2021/04/29/tec…
It also posted $8.1 billion in profit, an increase of 220 percent from the same period last year.” nytimes.com/2021/04/29/tec…
“The most profitable parts of Amazon’s retail business boomed.
Revenue from merchants listing items on its website and using its warehouses was up 64%, to $23.7B.
Its “other” business segment, which is largely its lucrative advertising business, increased 77%, to almost $7B.”
Revenue from merchants listing items on its website and using its warehouses was up 64%, to $23.7B.
Its “other” business segment, which is largely its lucrative advertising business, increased 77%, to almost $7B.”
“Amazon previously disclosed that 200 million people pay for Prime memberships, and subscription revenue for that service and others reached almost $7.6 billion in the quarter.”
“In addition to paying Amazon $119 a year or $12.99 a month for free shipping and other perks, households with Prime memberships typically spend $3,000 a year on Amazon, more than twice what households without the membership spend, according to Morgan Stanley.”
“Tech Giants’ Obscene Pandemic Profits Are Begging to Be Taxed -
The post-Covid economic recovery looks anything but fair.
Tax the titans of the pandemic!”
newrepublic.com/article/162278…
The post-Covid economic recovery looks anything but fair.
Tax the titans of the pandemic!”
newrepublic.com/article/162278…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
