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A day after Jeff Bezos downplayed Amazon’s power, it posts record profit – Source CNET Internet News

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Amazon CEO Jeff Bezos speaking via videoconference during a House Judiciary Subcommittee hearing on Wednesday.


Graeme Jennings/Washington Examiner/Bloomberg via Getty Images

After Amazon warned of turbulent times ahead during the coronavirus and CEO Jeff Bezos downplayed the company’s leadership position before Congress on Wednesday, Amazon went ahead and posted massive gains in the second quarter.

The company on Thursday reported a profit of $5.2 billion, or $10.30 per share — an all-time record — and double last year’s total. That record came even after the company poured $4 billion during the…

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Source CNET Internet News

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