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Amazon’s investment follows its product announcements last week that included a new Alexa-enabled microwave, clock, and audio-related devices for the home as the tech giant aims to get its voice platform everywhere. Earlier this year, it paid a reported billion to acquire home security company Ring.
Amazon’s cloud business has been a big driver behind the company’s ascension, and that trend held in the most recent quarter.??Amazon Web Services once again kept Amazon out of the red?during the quarter, contributing billion in operating profit to the overall corporation.
Amazon’s corporate headquarters in Seattle have been expanding consistently over the past few years and is the home?to the largest number of Amazon employees. Amazon employs 40,000 people in Washington state, up from 26,500 employees a year earlier.
Amazon’s Echo Show. (Amazon Photo)
Amazon’s stock is up 12 percent over the past 12 months, but it tumbled more than two percent today to 8.77. It now has a market value of .3 billion.
