Tuesday, August 11, 2020

Amazon.com Announces Second Quarter Results - Press Release

Today, Panzer made a stop at the About Amazon site. There our traveling kitty pilot found an interesting press release.

Is there a food bank for kitties?
The press release concerns Amazon's 2020 second quarter financial information. According to the information contained in the press release, there was a 40 percent net sales increase in the 2020 second quarter over the 2019 second quarter. CEO Jeff Bezos attributed the increased sales to shoppers' Covid-19 concerns. He also announced the addition of 175,000 new jobs since March. Also included in the press release is a section about Amazon's community investments to food banks, the disbursement of 100 $40,000 college scholarships for future engineers, and funds for other community financial priorities. The press release also has information about other financial investments Amazon has made in community projects. There's a section about what Amazon is doing to protect the planet from climate change and another about how Amazon is helping small and medium-sized businesses globally.

Panzer says, "The company does do a lot of good things with its money."

Note: This is a humongous post. Bring a gallon of tea, a gallon of lemonade. a dozen muffins, and six brownies for today's reading selection.

To read the post tootle over to Amazon Second Quarter Results

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