The unsexy source of Amazon’s profit hot streak

Amazon may swallow up nearly half of every dollar spent on online shopping, but that isn’t what’s fueled its nine-quarter profitability streak.

The real money flows from a northern Virginia server compound from which the company powers Netflix, Slack, Pinterest and thousands of other sites that make up close to half of the web.

Amazon Web Services (AWS) once again lifted the company’s quarterly earnings into the black in an otherwise lukewarm report in which it fell short of Wall Street expectations and recorded a profit dip of nearly 80 percent. Read more…

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