Big tech had another big quarter, with Amazon, Apple and Google all reporting strong results on Thursday afternoon (following strong reports from Microsoft and Facebook). There are very few publishing-related insights to glean, particularly following Amazon’s recategorization of their sales streams. Amazon remains the laggard in profits, but gets the most attention for a big quarterly increase in net income (thanks in part to tax changes); pre-tax income was $1.87 billion, with the growing AWS alone generating $1.35 billion in operating income. Despite Amazon’s improved income, the company is still run more for the benefit of employees than shareholders. Stock-based […]
