Amazon (AMZN) announced 2020 Q2 earnings last week and they were incredibly impressive for any company, let alone a company the size of Amazon.

• Revenue rose 40% year over year (40%!)
• Amazon Web Services revenue rose 29% (a deceleration)
• “Other” revenue (mostly ad sales) grew 41% (another deceleration)

The 40% rise in revenue is obvious amazing, although a lot of that can probably be attributed to COVID. Web Services and Advertising continues to grow, although at a slower pace. One interesting thing to note is that international e-commerce turned a profit this quarter. If Amazon can start turning those overseas investments into sources of profit, that could be huge for their continue growth.

One other possible avenue for growth in the future? Internet satellites.

To wrap things up, I want to leave you with a statement that Jeff Bezos recently made to Congress. As you may have heard, the CEOs of some of the largest tech companies were recently summoned before Congress to testify on a number of issues. As part of that testimony, Jeff Bezos released a statement that I consider to be one of the best defenses of the company as a force for good and an inspirational defense of America and capitalism in general. I highly suggest checking it out. You can read it here.