Amazon third-quarter net sales beat estimates as more people shop online

Amazon's cloud services also saw strong demand as companies switched to virtual offices to curb the spread of the pandemic.Revenue from Amazon Web Services (AWS) surged 29% to $11.60 billion.E-commerce firms and companies with strong online presence have seen business boom, as the COVID-19 pandemic has led to less shopping at brick-and-mortar stores, with more people using their mobile phones and computers to shop.