Recode
Recode

Amazon posted record sales and profit in the middle of a pandemic

Email sent: Jul 31, 2020 10:16am

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So will Amazon bring worker bonuses back?
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Amazon just posted record sales and profits in the middle of a pandemic

Amazon just had a record-breaking quarter. Posting $89 billion in sales and $5 billion in profits, the company just proved that the Covid-19 pandemic has been a boon for its business, despite billions of dollars in extra costs related to new health and safety efforts.

“Prime members ... were shopping more often and with larger baskets,” Amazon Chief Financial Officer Brian Olsavsky told reporters on a media call Thursday afternoon. Recode previously reported that Prime membership sales have risen significantly since the pandemic began.

The big question now is: The record sales that prompted Amazon to pay workers more during the pandemic aren't abating — so will it reinstate those bonuses?

Recode's Jason Del Rey reports on Amazon's latest quarterly earnings report and what it tells us about the company's future.

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On Mars, an autonomous rover and helicopter will roam free

Some powerful self-driving tech is on its way to the Red Planet.

[ Rebecca Heilweil / Recode ]

Postal Service backlog sparks worries that ballot delivery could be delayed in November

Trump has repeatedly gone after the Postal Service, recently suggesting that the agency cannot be trusted to deliver ballots.

[ Michelle Ye Hee Lee and Jacob Bogage / Washington Post ]

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Why Facebook and Twitter won't fact-check Trump's latest false claims about voting

Trump's claims may be dangerous to US election integrity, but the companies say they don't violate platform policies.

[ Shirin Ghaffary / Recode ]

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Some Facebook ad boycotters return—but plenty of big players are staying away

North Face, Pernod Ricard and Heineken are back on the social network; Beam Suntory, Eddie Bauer and SAP aren't.

[ Sahil Patel and Nat Ives / Wall Street Journal ]

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The economy is in record decline, but not for the tech giants

Even though the tech industry's four biggest companies were stung by a slowdown in spending, they reported a combined $28 billion in profits on Thursday.

[ Daisuke Wakabayashi, Karen Weise, Jack Nicas and Mike Isaac / New York Times ]

This is Cool Section Title

Digital museum experiences are likely here to stay.

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