business news in context, analysis with attitude

•  Amazon announced that "it is on course to invest $18 billion this year to help independent businesses sell to customers, including investments in logistics, tools, services, programs, and people. Since the beginning of the year, Amazon has launched more than 135 free tools and services to help sellers grow their sales in Amazon’s store. In the next twelve months, the company will provide more than 500,000 U.S. small and medium-sized businesses (SMBs) currently selling on Amazon with online selling guidance, education, and support, and the company plans to onboard an additional 100,000 U.S. businesses as new sellers in its store."

•  The Wall Street Journal reports that Zoom Video Communications - a company that relatively few people had heard of pre-pandemic - in its most recent quarter reported "a profit of $185.7 million on sales that had increased about fivefold from the year earlier to $663.5 million."