This is why Amazon Web Services is growing so much
Amazon reported some blockbuster numbers this week, with quarterly profits of $2.5 billion — a nearly 1,200 percent increase over this time last year. When you think of Amazon, you probably think of its giant online store where you buy a year’s worth of paper towels or order groceries delivered to your house. But one of the biggest moneymakers for Amazon has nothing to do with its retail operations. It’s a segment of the business called Amazon Web Services.
Click the audio player above to hear the full story.
Stories You Might Like
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Your favorites,
now $5/month!
Donate now to get almost any thank-you gift.
