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Amazon’s tentacles reach into more and more areas all the time, so it’s certainly possible that one or more of its new businesses could reach new heights this quarter.

Amazon’s top adversary on the Seattle City Council pulled ahead late Friday in the latest ballot count, deflating the tech giant’s .45 million effort to elect new leadership in its hometown. The company’s involvement in Seattle’s election appears to have backfired, as just two of the seven candidates who benefited from Amazon’s record spending prevailed.

Amazon’s growth in physical retail raises natural concerns among many of the same traditional retailers whose businesses have been undercut by the company’s online domination. In a special report on the company from this past March, The Economist?cites the possibility of new regulatory scrutiny?for the company in the future. “If Amazon does become a utility for commerce, the calls will grow for it to be regulated as one,” the magazine concludes. “Shareholders are right to believe in Amazon’s potential. But success will bring it into conflict with an even stronger beast: government.”

Amazon’s Sept. 7, 2017, announcement?that it would build a second “full equal” headquarters somewhere in North America surprised the tech industry and jolted cities across the continent into action, each pursuing a billion project that promises to bring as many as 50,000 technology jobs to the chosen community.

Amazon’s Seattle campus in South Lake Union the foreground, with its new campus visible on the edge of downtown Seattle at top of image. (Photo by Puget Sound Aerial Imaging for GeekWire)