Question about when Amazon "will get back to par" in terms of 1-day deliveries. Another question about whether Jeff Bezos is (in light of longstanding willingness to sacrifice near-term profits for future growth) happy about how profitable Amazon is getting, and where Amazon might want to step up investments.
Olsavsky: We don't know when we'll get back to par, but gradually making progress. Q2 revenue was above Q4 of last year, which is unheard of. We want to keep employees safe. As we move into Q3, we need to build inventory more and expand capacity.
Also notes Amazon's marketing spend fell Q/Q in Q2, which boosted EPS, and that travel and eating costs also fell. Says Amazon is always looking for new investments that make sense, and that a lot of the near-term spending is operational activities.
Fildes highlights Amazon's grocery and streaming hours growth, and says the company feels it can do more there. Also notes investments in India, including efforts to "digitize" Indian retail sellers.