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Two TakesTech Breakthroughsvs. New York Times

Holy crap, Amazon actually managed to turn a profit

By Louie Baur1 min readGoogle News

You may want to look out your window and see if pigs are flying because Amazon actually managed to turn a profit this quarter. To be fair, it was a measly $92 million compared to the company’s tens of billions in revenue, but considering that Amazon has been operating on a loss for so long that it has almost become a joke, this quarter is definitely a step in the right direction. Investors seem to agree, as the company’s shares went up 17% yesterday.

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