Amazon’s net profit in the second quarter was USD 2.5 billion, while Facebook gain USD 5.1 billion

Amazon reports impressive growth and continues to expand, while Facebook faces difficulties following the implementation of new regulations on personal data and the Cambridge Analytica scandal, according to an analysis by Tradeville. Amazon reported a net profit of 92.2 percent for the second quarter of 2018 compared to the same period last year, exceeding the market’s expectations by over 100 percent. The company’s sales increased both in North America (30.46 percent) and internationally (21.40 percent), to solid regional growth, contributing to Whole Foods, a chain of stores dedicated to organic food, purchased by Amazon one year ago. For the current quarter, Amazon estimates higher sales of USD 54-57.5 billion, which would represent an increase of 23-31 percent from one year to the next. To maintain growth, the company will have to continue expanding in non-US markets as well. In the case of Facebook, although the company posted revenue of USD 13.23 billion, up 42 percent from the second quarter of 2017, the evolution was below market expectations. It was caused by a drop in the advertising revenue growth rate following the implementation of new regulations on personal data and the Cambridge Analytica scandal on data collection for 87 million users,… Read full this story

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