5 reasons why Amazon had record profits in the second quarter even after spending over $4 billion on COVID-related initiatives (AMZN)

· Amazon doubled its profit to a record $5.2 billion in the second quarter.
· Amazon CFO Brian Olsavsky shared a few reasons that may have contributed to the increased profits during his call with analysts on Thursday.
· Amazon saw huge lockdown-driven sales, but also scaled back its marketing and video production spend,...