While other companies cut back on spending as the coronavirus pandemic took hold last year, e-commerce giant Amazon boosted its domestic capital investments by 75% to nearly $34 billion—and helped set the stage for a robust economic recovery, according to aA truck hauls a trailer with the Amazon logo outside the Amazon.com Inc.
In Amazon’s case, the extra investment on property and equipment last year was driven by the need to meet an enormous surge of demand during the pandemic, the report notes.Verizon was second on PPI’s list with $16.1 billion in domestic capital investment last year, AT&T was third on the list with $15.6 billion invested, and Alphabet and Intel rounded out the top five with $14 billion and $12.5 billion invested, respectively.
15 bucks an hour for sweatshop conditions and no benefits? I'll take my juicy unemployment that equals over $5 more an hour than that
The rich are making a killing off of this phony pandemic.
thanks
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Amazon's Big Pandemic Investment Spending Helped Set The Stage For Economic Recovery, Report ArguesThe ecommerce giant spent nearly $34 billion on domestic investment last year, more than double the runners up: Verizon at $16.1 billion and AT&T at $15.6 billion.
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