Amazon crosses $100 billion in sales in huge first quarter


Amazon had a wildly successful 2020, despite the COVID-19 pandemic, and that blazing trail shows no signs of stopping for 2021. The company shared its financial results for Q1 2021, and it brought in $108.5 billion in net sales. That’s a 44 percent increase from the $75.5 billion reported in the first quarter of last year, as the pandemic was beginning to take hold globally.

Its profits have exploded year-over-year, as well, increasing to $8.1 billion in the first quarter of this year. At this time in 2020, the figure reported was a meager $2.5 billion. Amazon expects to continue crossing the $100 billion net sales mark next quarter with the figure ultimately landing somewhere between $110.0 billion and $116.0 billion.

But as Amazon’s sales have grown, it has also grown more concerned with government intervention. Its @AmazonNews Twitter account made the bizarre decision to troll US Congress members about tax laws. The account also publicly disputed reports that some of Amazon’s workers pee in bottles to meet company goals, then later apologized to Rep. Mark Pocan (D-WI) for a tweet saying “You don’t really believe the peeing in bottles thing, do you?”