An Amazon.com Inc. delivery driver carries boxes into a van outside of a distribution facility on February 2, 2021 in Hawthorne, California. Jeff Bezos said February 1, 2021, he would give up his role as chief executive of Amazon later this year as the tech and e-commerce giant reported a surge in profit and revenue in the holiday quarter. The announcement came as Amazon reported a blowout holiday quarter with profits more than doubling to $7.2 billion and revenue jumping 44 percent to $125.6 billion. (Photo by Patrick T. Fallon/AFP/Getty Images)
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Amazon's profits tripled in the first quarter
Amazon's profits more than tripled in the first quarter of 2021 to over $8 billion, as the pandemic continued to boost its online retail, cloud and advertising businesses. CNN's Clare Sebastian reports.
2:02 • Source: CNNBusiness
Markets and Investing 16 videos
An Amazon.com Inc. delivery driver carries boxes into a van outside of a distribution facility on February 2, 2021 in Hawthorne, California. Jeff Bezos said February 1, 2021, he would give up his role as chief executive of Amazon later this year as the tech and e-commerce giant reported a surge in profit and revenue in the holiday quarter. The announcement came as Amazon reported a blowout holiday quarter with profits more than doubling to $7.2 billion and revenue jumping 44 percent to $125.6 billion. (Photo by Patrick T. Fallon/AFP/Getty Images)
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Amazon's profits tripled in the first quarter
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A For Sale sign is displayed in front of a house in Washington, DC, on March 14, 2022.
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Here's where mortgage rates and home prices may be headed in 2023
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A customer wears a face mask as they lift weights while working out inside a Planet Fitness Inc. gym as the location reopens after being closed due to the Covid-19 pandemic, on March 16, 2021 in Inglewood, California.
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A traveler walks along a moving walkway between terminals at Logan International Airport in Boston, the day before Thanksgiving, Wednesday, Nov. 23, 2022. (AP Photo/Steven Senne)
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NEW YORK, NEW YORK - SEPTEMBER 13: Traders work on the floor of the New York Stock Exchange during afternoon trading on September 13, 2022 in New York City. U.S. stocks opened lower today and closed significantly low with the Dow Jones dropping over 1,200 points after the release of an inflation report that showed prices rising more than expected in the last month. The Consumer Price Index released by the Bureau of Labor Statistics showed prices rising 8.3% over the last year, for which economists had predicted an 8.1% increase. (Photo by Michael M. Santiago/Getty Images)
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Matt Egan
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What the Fed's latest historic interest rate hike means
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Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting, Wednesday, Nov. 2, 2022, in Washington.
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Fed's Powell: 'Time for easing rate increases is coming'
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A customer pushes a shopping cart in the parking lot of the Carrefour SA hypermarket in the Grand Littoral retail park in Marseille, France, on Monday, July 25, 2022.
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Nouriel Roubini, economist and chairman of Roubini Global Economics, LLC., pauses during the ET Global Business Summit in New Delhi, India, on Saturday, Jan. 30, 2016. The summit runs through Jan. 30. Photographer: Udit Kulshrestha/Bloomberg via Getty Images
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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2022.
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