, Columnist
Amazon Enjoys Cloud Cover
Amazon Web Services clears the way for Bezos to splurge on expensive projects.
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May we all have such well-appointed storm shelters.
Amazon Web Services is Amazon's gold-plated umbrella from the tempest of investors' demands for the company to turn a profit that's more than a few bucks once in a while. It's hard to imagine now that Amazon only last year started breaking out the financial results for its 10-year-old cloud-computing operation. In hindsight, it was the smartest move Amazon could have made.