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Jeff Bezos

Amazon’s sales rise, profits fall in Q1

Amazon’s sales rise, profits fall in Q1

SEATTLE, Wash. — Amazon.com posted strong sales gains in the first quarter, as consumers forced to stay at home have responded by shopping and spending more with the e-commerce giant. At the same time, Amazon’s costs have risen sharply as well, hurting profits. Net sales increased 26% to $75.5 billion in the first quarter, compared

Amazon posts strong Q4 sales gains

Amazon posts strong Q4 sales gains

SEATTLE — Amazon shares rose in after-hours trading Thursday after the company reported fourth quarter results that topped analysts’ expectations. The company reported earnings per share of $6.47 for the quarter, easily beating forecasts of $4.04 per share. Net sales increased 21% to $87.4 billion in the fourth quarter. Net income grew to $3.3 billion

Amazon decides on New York and Virginia

SEATTLE — Amazon’s search for “HQ2” is over. After 14 months of rampant speculation and frenzied media coverage, Amazon revealed that rather than the 50,000-person, $5 billion second headquarters it said it wanted when it launched its search for a second home, the company has settled on two new bases — in the Crystal City

Amazon selects NYC and Northern Virginia for HQ2

Amazon selects NYC and Northern Virginia for HQ2

SEATTLE — Amazon has selected New York City and Arlington, Virginia, as the locations for the company’s new headquarters. Amazon will invest $5 billion and create more than 50,000 jobs across the two new headquarters locations, with more than 25,000 employees each in New York City and Arlington. The new locations will join Seattle as

Amazon uses drone to make delivery

SEATTLE — Just 13 minutes after placing an order on Amazon.com, a customer in Cambridge, England, received the order — an Amazon Fire TV streaming device and a bag of popcorn — dropped at the customer’s doorstep by an autonomous drone, the first such delivery for the company. Amazon’s chief executive officer, Jeff Bezos, confirmed