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If You Invested $10,000 in Amazon in January, This Is How Much You'd Have Now

If You Invested $10,000 in Amazon in January, This Is How Much You'd Have Now

America's battle with COVID-19 has done a real number on the economy, subtracting 32.9% from gross domestic product in the second quarter and costing as many as 40 million workers their jobs -- but not everyone is suffering equally. In the first quarter of 2020 alone, which caught only the tail end of the pandemic, Amazon grew its sales more than 26% year over year, accelerating from a 21% rate in the fourth quarter of 2019. In Q2, by which time the shopping trends under COVID-19 had become more clearly established, Amazon's sales surged 40% -- and profits just about doubled to $5.2 billion.