Amazon says it risks loss on spending rise for pandemic

Amazon.com chief executive Jeff Bezos normally uses the company’s earnings report to extol the virtues of smart assistant Alexa or the benefits of paid subscription service Prime. On Thursday, he told investors to hold on tight as his company navigates “the hardest time we’ve ever faced”.The largest US online retailer saw profit shrink and said it may incur a loss in the current quarter as it boosts spending to keep logistics operations running smoothly during the coronavirus pandemic.“Under…

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