Amazon’s profit nearly doubled over the holiday period despite higher costs driven by supply chain and labor shortages WSJWhatsNow
Amazon.com Inc.
said profit nearly doubled in the critical holiday period, as the company managed to control labor and supply costs better than expected and saw gains in its cloud-computing and advertising businesses.in electric-vehicle maker Rivian Automotive Inc. That added nearly $12 billion in profits, accounting for the majority of its earnings for the quarter.
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