Amazon crushed analyst earnings estimates for the fourth quarter as full fiscal year sales surpassed $280 billion, as Jeff Bezos pointed to Prime services driving growth.
Amazon has canceled plans to build a headquarters in New York, citing opposition from some local politicians who objected to the tax breaks and other incentives the company was to receive.
The much-rumored location of Amazon’s HQ2 is now official with Northern Virginia and New York City sharing the spoils.
Despite technical difficulties that had Amazon.com offline intermittently during Prime Day, the company said its annual online summer sale day was a success with sales surpassing Cyber Monday and Black Friday.
In a letter to shareholders, Jeff Bezos, Amazon.com CEO, detailed highlights of the 2017 fiscal year, and revealed that the company has exceeded 100 million paid Prime memberships worldwide just 13 years after the program’s launch.