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Money Amazon shares rise: Amazon doubles quarterly profit

10:40  02 august  2020
10:40  02 august  2020 Source:   finanzen.net

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Amazon doubles quarterly profit despite Covid-19 costs. Amazon 's profits soared in its second Amazon .com Inc on Thursday posted the biggest profit in its 26-year history as online sales and its Amazon grew revenues by 40% and doubled net profit during the second quarter , while large parts

Amazon doubled its profits last quarter thanks to COVID-related demand. Amazon posts biggest profit ever at height of pandemic. Amazon .com Inc beat Wall Street estimates for quarterly revenue on Thursday and forecast current- quarter sales above expectations as the

antitrust authority nods deal: Amazon joins Deliveroo, the startup .
© Deliveroo Amazon can participate in Deliveroo. Amazon is allowed to take over 16 percent of the London delivery startup Deliveroo. Should the e-commerce group buy additional shares, however, this could trigger a further investigation, according to the responsible UK antitrust authority. In mid-May 2019, Amazon led a $ 575 million Series G round of financing by London-based delivery startup Deliveroo. With the deal, the US retail group was to receive 16 percent of Deliveroo.

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