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Amazon reports first quarter profits up 220% compared to last year, in online pandemic buying boom
Just the News ^ | April 30, 2021 | Nicholas Sherman

Posted on 04/30/2021 10:08:56 AM PDT by xzins

Amazon reports profits increased 220% in the first three months of this year, compared to the same period last year – showing the online retailer and marketplace's growing dominance and profitability during the pandemic in which consumers worldwide relied more on internet shopping.

The company on Thursday reported $108 billion in sales and $8.1 billion in profit, equalling the triple-digit percentage increase, for the first three months of 2021.

"We certainly had strong volumes really across all of our businesses," said Amazon’s finance chief, Brian Olsavsky, according to The New York Times.

The high volume of orders during the pandemic has let Amazon run its warehouses at near full capacity. During the pandemic, drivers have made more stops to customers than before, with data showing they're spending less time driving between customers, showing more people are using their delivery services.

The reports say that the pandemics shift to remote computing also helped sales. Amazon reported its web services has $13.5 billion in sales for the quarter.

Amazon founder Jeff Bezos is considered the most wealth person in the world, with an estimated network of $201 billion.

Last month, workers at an Amazon warehouse in Alabama voted against forming a union, amid employee complaints across the country about general working conditions and those during the pandemic including health and safety, long-hours, and few breaks.

The 26-year-old company is the United States' second-largest employer, employs more than 950,000 full- and part-time workers in the country and nearly 1.3 million worldwide, according to the Associated Press.


TOPICS: Extended News; News/Current Events; US: District of Columbia
KEYWORDS: amazon; districtofcolumbia; fascism; jeffbezos; monopoly; washingtoncompost; washingtonpost
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To: PGR88

I’ve been able to switch my whole family away from buying from Amazon.

It wasn’t hard to do.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Did you have to promise that you yourself would get them what they want delivered to their door in 2-3 days?


41 posted on 04/30/2021 11:15:58 AM PDT by Responsibility2nd (Actual FR Quote: “I ain’t getting no Covid Vaccine. I’d rather get Covid and DIE before I get a jab.)
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To: xzins

There’s a longer list of Ike-like POTUS’s and their warnings.

JFK - “Shatter the CIA into a thousand pieces and scatter it to the winds”

Reagan - Grace Commission report’s finding that not a nickle of IRS 1040 income goes to any (ANY!) government program.

And much of Trump’s statements has some element of recognition of how deep the Deep State is.

Since JFK, at minimum, both Bushes, 0bama, Clintoons are all part of the Deep State Cabal, effectively CEO of the Corporation of Corruption based in the District of Corruption.


42 posted on 04/30/2021 11:16:41 AM PDT by C210N (You can trust government or you can understand history. But you CANNOT do both.)
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To: LibertyWoman

Washington post.

Millions in election money spread around.

Constant attacks on Trump.


43 posted on 04/30/2021 11:20:24 AM PDT by xzins (Retired US Army chaplain. Support our troops by praying for their victory. )
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To: PGalt

https://www.mypillow.com/mystore

———
All nice, but…
SSDs? Books? Gadgets? Clothes?
Shipping overseas?


44 posted on 04/30/2021 11:20:54 AM PDT by Starcitizen (So Indian H1B crybaby trash runs Free Republic moderation??? Seems so. )
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To: xzins

“Bezos is rich enough to tell them to take a hike.”

Sorry, no. Please see what the CCP is currently doing to Jack Ma. Keep in mind that the current crew of Democrats look at China as a role model.


45 posted on 04/30/2021 11:22:06 AM PDT by jdsteel ("A Republic, Madam, if you can keep it." Sorry Ben, looks like we blew it.)
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To: xzins

Mad at them. Now they aren’t delivering prime to me in 2 days hardly. During the lockdown and after I was getting things faster than I have been the last 2 weeks.


46 posted on 04/30/2021 11:28:58 AM PDT by glimmerman70
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To: xzins

“I remember the old Sears catalog. It was fun at Christmas time.”

My Mother, Sister and I lived for the Sears Christmas, Spring, Summer and fall catalogs.

We had a Sears and Monkey Ward store where I basically grew up. The independent hardware guy carried fly fishing gear, guns and ammo. I made a deal with him, if he matched Sears’ or Wards’ price, I would buy from him. I continued to buy from him through college and after my marriage. I could safely order fishing gear for my Dad. My mother would pick it up and give to him on his birthday, Father’s Day and Christmas. I have the last fly rod, we bought him in my office mounted over the window.

My Dad loved JCP’s sweaters and casual pants. We ordered those for him, and after he died, I ended with those still in good order. His favorite charity, the Salvation Army got the rest.

My mother taught me how to get the best price on a lot of items. Show the merchant a lower price. If they matched it, you bought it.

Amazon does that now, when I look at basically any item on line from Walmart, Home Depot, Costco or whom ever. They show the delivered price from Amazon in the upper right computer screen. We have zero independent merchants in our market area for what we want and need.

With our prime card we get 5% back to apply to future purchases.

Also, Amazon has contributed close to $600’s to our Church as their donation to charities.


47 posted on 04/30/2021 11:42:04 AM PDT by Grampa Dave ( We are alive! In spite of being stupid and getting vaccinated twice!! On: 01/31/2021 & 2/21/2021!)
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To: Responsibility2nd
Did you have to promise that you yourself would get them what they want delivered to their door in 2-3 days?

thankfully, we also have impulse control. If something ocassionally takes 3-5 days, its not the end of the world

48 posted on 04/30/2021 11:50:30 AM PDT by PGR88
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To: SamAdams76

Amazon vans look like cockroaches.


49 posted on 04/30/2021 12:02:44 PM PDT by amihow (Postmodernism kills the real.)
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To: Starcitizen

Sorry, but *cough cough* bullshit. I know of several white collar workers who work for Amazon.


50 posted on 04/30/2021 12:08:08 PM PDT by bigdaddy45
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To: xzins

Depends. For those who can’t complete. Best Buy turned things around. And Costco is packed every time i go there.


51 posted on 04/30/2021 12:09:15 PM PDT by bigdaddy45
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To: xzins

You win. I’ll stop shopping with Amazon because of the p.o.s compost that was a p.o.s. paper before Bezos bought them.


52 posted on 04/30/2021 12:24:40 PM PDT by LibertyWoman
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To: xzins

I stopped buying from them. I’ll pay more from someone else.


53 posted on 04/30/2021 12:25:26 PM PDT by Bloodandgravy (Demand for racism is outpacing supply.)
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To: dfwgator

They hired my kid about a year ago. Not a fulfillment job.


54 posted on 04/30/2021 12:46:41 PM PDT by Donnafrflorida (Thru Him all things are possible.)
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To: Mariner

Yep. Ordered my first book, Unlimited Access, from them in 1996 back when they were “Earth’s Biggest Bookstore”. I knew they were going to be big. Ditto, Apple when it’s stock was a paltry $18 a share. Desperately wanted to invest in both. Knew what was coming, but at the time I was far too poor to buy more than a token few shares so I passed. Oh what could have been...


55 posted on 04/30/2021 1:15:05 PM PDT by Obadiah
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To: LibertyWoman

:>)

Now that made me laugh!


56 posted on 04/30/2021 1:22:10 PM PDT by xzins (Retired US Army chaplain. Support our troops by praying for their victory. )
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To: bigdaddy45

Sorry, but *cough cough* bullshit. I know of several white collar workers who work for Amazon.
—————-
Amazon’s pipeline for IT/ software engineers runs through Indian recruiters and Indian body shops. Impossible for Americans to bypass these gate keepers. They must have hired before Amazon decided to outsource hiring to Indian body shops.


57 posted on 04/30/2021 1:23:14 PM PDT by Starcitizen (So Indian H1B crybaby trash runs Free Republic moderation??? Seems so. )
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To: Bloodandgravy

Sometimes that’s necessary to keep a monopoly in check. I’ve no doubt that if all competition disappears, that prices will go through the roof. Who would be there to stop them?


58 posted on 04/30/2021 1:23:14 PM PDT by xzins (Retired US Army chaplain. Support our troops by praying for their victory. )
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To: PGR88

Did you have to promise that you yourself would get them what they want delivered to their door in 2-3 days?

thankfully, we also have impulse control. If something ocassionally takes 3-5 days, its not the end of the world
———
Would you pay double for the same items not ordered through Amazon?

With international shipping and customs duties, it’s often that, with a 1 or 2 week customs hold while each item is manually opened and inspected.

Amazon must pay off governments to let its packages sail through customs.


59 posted on 04/30/2021 1:26:40 PM PDT by Starcitizen (So Indian H1B crybaby trash runs Free Republic moderation??? Seems so. )
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To: Bloodandgravy

I stopped buying from them. I’ll pay more from someone else.
————
Would you pay double?


60 posted on 04/30/2021 1:27:58 PM PDT by Starcitizen (So Indian H1B crybaby trash runs Free Republic moderation??? Seems so. )
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