Amazon.com's 4 Big Areas of Investment

Amazon.com (NASDAQ: AMZN) reported its second-quarter earnings results last week. While it surpassed expectations for revenue growth, the company's net income fell well below analysts' estimates.

If investors were paying attention to what management has been saying for the past three or four quarters, perhaps expectations wouldn't have been that high. Amazon is in the midst of yet another investment cycle. And despite record amounts of cash coming in, the company is spending more than ever to continue growing its business. Management has talked about a ramp-up in investment since the second quarter of last year, when it made plans to double its video content spending and expand its fulfillment capacity.

That growth in investment hasn't slowed down, and investors shouldn't expect it to anytime soon. Here are four big areas where Amazon is investing.

Source: Fool.com