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Amazon Q4 profit beats estimates despite aggressive spending

MOVING FAST: Amazon has embarked on such a rapid growth strategy that any competitor that does emerge will find it hard to catch up.

San Francisco

AMAZON surprised the market with a quarterly profit far better than anticipated for the online giant known for pouring money into projects such as original video programmes and delivery drones.

"Amazon beat estimates even though Jeff Bezos is moving at a paranoid pace

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