Becker's Healthcare September 24, 2021
While profits have remained steady, Amazon’s operating costs are higher as it focuses on longterm growth, including its Amazon Care venture, according to a Sept. 23 Seeking Alpha report.
Five things to know:
- Amazon is projected to be down $2 billion in profitability in the third quarter as it invests rapidly into expanding Amazon Care, online distribution, satellite broadband, Amazon Web Services and department stores.
- Amazon is working to hire 55,000 technical marketing and medical employees. Of those new hires, 40,000 are projected to be in the United States.
- Amazon...