If You Invested $10,000 in Amazon in January, This Is How Much You'd Have Now

America's battle with COVID-19 has done a real number on the economy, subtracting 32.9% from gross domestic product in the second quarter and costing as many as 40 million workers their jobs -- but not everyone is suffering equally.

Because of nearly nationwide stay-at-home orders and a trend toward increased social distancing that had many Americans choosing not to leave their homes even for groceries, e-commerce companies such as Amazon.com (NASDAQ: AMZN) were able to step up and provide essential services in such areas as grocery delivery and internet shopping -- and to grow their businesses nicely as a result.

Image source: Getty Images.

Continue reading


Source Fool.com