Consumers have increasingly turned to Amazon for delivery of groceries, home products and medical supplies

Amazon and Facebook don't deny profits only grow

Despite its challenges with electoral turmoil and content moderation Facebook remains an option for advertisers seeking to engage a broad base of consumers

Despite its challenges with electoral turmoil and content moderation Facebook remains an option for advertisers seeking to engage a broad base of consumers

Amazon said yesterday that its sales rose 37 percent in the quarter to a record $96.2 billion (£74.4 billion), generating a profit of $6.3 billion (£4.87 billion), almost three times the profit of the same period last year.  

'There is no doubt that Amazon's latest results show that it continues to beat the disruption caused by the pandemic,' said Neil Saunders of research firm GlobalData.

And Facebook reported a 22 percent increase in revenues to £16.6 billion ($21.2 billion) and a 29 percent increase in profits to £6.1 billion ($7.84 billion) as the company continued to benefit people who depend on the internet to stay connected during the pandemic.