The increase in ecommerce in 2021, the second year of the health crisis, and the cloud service (AWS) are the most direct explanation for the exponential growth of Amazon’s profits in the final quarter of last year (it doubled its profits) , as in the entire 12-month fiscal period.
Only between October and December, the Bezos company obtained US $ 14,320 million, 100 percent more than in the same period of the previous year.
Looking at 12 months, the leading e-commerce company earned a whopping $33.36 billion, up 55.9 percent from 2020.
In this way, Bezos and his mega-company show that they have been able to escape the container crisis that affected (and affects supply chains) and the lack of labor in the US labor market.
The release of the financial statements came within minutes of Wall Street trading closing on Thursday, February 3. At the time, the entire market was down on dismal results from Facebook, which plunged 26 percent after lower earnings forecasts for the current year. In a few minutes, Meta lost 250 billion dollars of its value, a true record.
Access the details of the Amazon financial results and earnings.
However, after its financial results were known, Amazon shares grew 15 percent in post-market and premarket operations on Friday, February 4, which has meant a strong advance when Wall Street opens.
The increase in Amazon titles could also boost the takeoff of the Nasdaq Composite, the main index of the United States stock market, which 24 hours earlier fell almost 3.8 percent due to the negative impact of Meta.
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