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.
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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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