Amazon reported its second-quarter earnings and despite a drop of 7.7%, the online retailer increased its net sales by 51%. The disparity between Amazon’s earnings and sales is due to a 54% increase in operating expenses. Even though earnings dropped, Amazon’s stocks were up 6.8% after trading was over on Tuesday. Read the full article at WSJ.com
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit shellypalmer.com.
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