28-07-2016 22:30 via theverge.com

Amazon, once a big spender, is now a profit machine

Until last year, Amazon was known as much for its ubiquity in online retail as it was for the bold and expensive visions of CEO Jeff Bezos. The company would spend mightily, only to assuage investor fears with promises of a bright future. Many of those investments, like in cloud computing, have become huge and profitable businesses. Some — like the failed Fire Phone —have fallen flat on their face. Now, however, Amazon appears to have hit its stride as Bezos' long-term visions for th
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