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Amazon’s Q3 sales rise modestly but profits plunge amid rising costs

Amazon.com Inc., said today net income decreased to $3.2 billion in the third quarter, compared with $6.3 billion in the comparable period last year, as labor and other costs rose. The decline in net income for the quarter ending Sept. 30, 2021, follows six consecutive quarterly increases dating back to the start of the COVID-19 […]

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