Making a list

24 October 2019 By Robert Cyran, Gina Chon Follow @rob_cyran

The behemoth entrenched its hold on consumers with 24% quarterly sales growth. Ruthless expansion in areas like ads, where its digital dominance gives it a leg up, along with a push into healthcare, will accelerate a showdown with critics from Donald Trump to Elizabeth Warren.

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Amazon reported third-quarter earnings on Oct. 24. Revenue in the quarter was $70 billion, an increase of 24% from the same period last year. The retailer earned $2.9 billion, or $5.75 per share, compared to $2.1 billion, or $4.23 per share in the third quarter of last year.

Earlier on the same day, Democratic presidential candidate Elizabeth Warren, a U.S. senator, asked the Federal Trade Commission to probe Amazon in relation to a hack at Capital One Financial that potentially affected 100 million customers of the bank.

Warren, along with Senator Ron Wyden, questioned whether Amazon failed to secure its servers used by Capital One. “Amazon continues to sell defective cloud computing services to businesses, government agencies, and to the general public,” the senators said.

Separately, Amazon said on Oct. 23 that it had acquired startup Health Navigator. It didn’t disclose terms of the deal.

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