Can Amazon repeat an eye-popping year of growth?
The Week
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Amazon's pandemic-fueled boom shows no sign of slowing, said Dan Gallagher at
The Wall Street Journal. With the pandemic easing, a short-term question has been "whether online shoppers would curb their clicks" and return to brick-and-mortar stores after a year of panic-buying "everything from toilet paper to office supplies" through Amazon. The answer so far is "a resounding no." Amazon's revenue jumped 44 percent year over year in the past three months, to $108 billion, and its "e-commerce related business â consisting of online stores, third-party, and subscription segments" â grew at an even faster clip, 49 percent. Despite aggressive investment, adding roughly 400,000 workers, about the total number of employees at Home Depot, the company's profits tripled to $8.1 billion.