Amazon expected to report huge jump in second-quarter profits as it nears $1 trillion milestone

Amazon is expected to show bigger profits when it reports second-quarter earnings on Thursday evening, backed by the continued growth of its higher-margin businesses, like cloud, advertising and third-party marketplace. Wall Street estimates Amazon to post second-quarter profit of $2.50 per share, or roughly $1.2 billion, according to a Thomson Reuters consensus estimate, up from…

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Amazon and CEO Jeff Bezos have beat out Walmart to become a symbol for everything wrong with American big …

Jeff Bezos, Amazon’s CEO, is seeing his reputation take a dive. Drew Angerer/Getty Images As Americans become increasingly reliant on Amazon, the company’s reputation is moving in a dark direction. On Prime Day, Amazon’s largest shopping day of the year, the company was bombarded with calls for boycott. Hundreds of social-media users urged customers not…

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Amazon says this Prime Day was its biggest shopping event ever with 100 million products sold

Amazon said Wednesday that this year’s Prime Day was its “biggest in history” as Prime members purchased more than 100 million products during this year’s event. The Seattle giant did not provide specifics, and added it had more sign-ups for Prime on July 16 than any previous day in the company’s history. Amazon uses the…

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How Amazon Has Made Money Off Racism And Hate

Amazon is enabling and profiting from hate groups and ideologies, according to a damning report released on Friday. The report, “Delivering Hate: How Amazon’s Platforms Are Used to Spread White Supremacy, Anti-Semitism, and Islamophobia,” details a variety of ways that hate groups take advance of Amazon’s massive platforms and inconsistently enforced policies. Two advocacy groups ―…

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