Amazon Earnings Show a Sharp E-Commerce Slowdown

Brahm Buck

Text size Aaron P. Bernstein/Getty Images Amazon shares are heading lower in late trading Thursday after the e-commerce and cloud computing giant reported mixed results for the June quarter, with better-than-expected profits but sales that fell shy of Wall Street estimates. The miss reflects a shortfall in Amazon’s e-commerce business, […]

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Amazon’s ads business posts 87% growth

The Amazon app displayed on a mobile phone. Edward Smith | Getty Images Amazon’s ads growth just keeps ballooning.  The company’s “Other” unit, which is primarily made up of advertising but also includes sales related to other service offerings, grew revenue by 87% year-over-year in the second quarter to more […]