Fort Bend Owl
Legend
Posts: 28,411
Joined: Jun 2005
Reputation: 454
I Root For: An easy win
Location:
|
Amazon has a ridiculously profitable 4th quarter
They had a $2 billion profit in the 4th quarter last year. They may now have as much as 50 percent of the online retail market
I also see where the Atlanta Fed is predicting a 5.4 percent GDP growth in the 1st quarter of 2018, which would be the highest quarterly growth for the US economy since the end of the Great Recession in 2009.
The second paragraph would obviously be good news for the US if true. The first paragraph is obviously great news for Amazon. Is it great news for all of America? I definitely continue to see signs of a strong economy, and Amazon is making mincemeat of everyone else.
|
|
02-01-2018 06:51 PM |
|