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Amazon is finally a services company and that’s why it’s profitable

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Andy Jassy (chief executive officer, Amazon.Com Inc.) speaks at the GeekWire Summit held in Seattle, Washington U.S.A, Tuesday, October 5, 2021.

Bloomberg | Bloomberg | Getty Images

AmazonOn Thursday, earnings were reported for the third quarter. The results showed a significant shift in the company’s structure: It is now a service business.

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