Amazon’s Money Secret: Make Everyone Pay You [Forbes]
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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Source: Forbes
Photo by: STRF/STAR MAX/IPx 2021 5/2/21 Amazon spending big to take on UPS and FedEx offering their... [+]own delivery services. Here, Amazon packages are seen out for delivery in Manhattan.By Erik ShermanWhen Amazon announced its first quarter results at the end of April, the numbers were impressive. Net sales were up 41% year over year to $108.5 billion, operating income more than doubling from $4.0 billion in 2020 to $8.9 billion in 2021, and net income that jumped from $2.5 billion to $8.1 billion.Seemingly not so surprising considering the pandemic. But many people still misunderstand the company and what it does. Talk to people and you’ll still come across those who think Amazon lives and dies by the profitability of its product sales. Or who think the company regularly loses money, a thought that sent Loop Capital equity division managing director Anthony Chukumba into explosive laughter when he heard the presumption. The graph below, using data from S&P CapitalIQ shows the re
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