Amazon plans on spending enough money on dealing with COVID-19 that it won’t turn an operating profit in the second quarter.
The online retailer and entertainment company laid out its plans to spend $4 billion on COVID-19 measures in the second quarter, with several of the steps supply chain-related.
“Under normal circumstances, in this coming second quarter, we’d expect to make some $4 billion or more in operating profit,” Amazon founder and CEO Jeff Bezos said in a prepared statement disclosing...