On August 1, 2024, Amazon revealed that its profits for the second quarter, from April to June, surged to $13.5 billion, significantly higher than the $6.7 billion earned in the same period last year. Despite this large profit, Amazon’s revenue of $148 billion fell short of the expected $148.67 billion, causing the company’s stock price to drop by over 6% after trading hours. The company’s earnings per share were $1.26, surpassing the forecast of $1.03. However, Amazon predicts lower revenue for the quarter ending September 30, forecasting between $154 billion and $158.5 billion, less than the expected $158.22 billion. Amazon faces challenges such as higher costs from pandemic spending and a reduction of over 27,000 jobs. Amazon Web Services (AWS) showed a 19% revenue increase due to advancements in artificial intelligence, while the e-commerce sector grew only 5%. Additional difficulties include a recall of 400,000 dangerous products and an antitrust lawsuit over alleged unfair practices.