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Amazon delivers big earnings miss, Jassy warns Q4 will bring ‘several billion dollars of additional costs’

GeekWire

Net sales rose 15% to $110.8 For the first time in Amazon’s history, the company’s revenue from online and physical retail store sales represented less than 50% of its overall revenue for the quarter, due to steady increases in areas such as its Amazon Web Services cloud business and revenue from advertising.

.Net 118
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Jeff Bezos sells more than $2.4B in Amazon stock

GeekWire

This is his first stock sale of 2021. Amazon’s stock price soared last year to record-highs amid the pandemic as the company’s e-commerce, cloud computing, and advertising arms have boomed. Bezos is the world’s richest person, currently with a net worth of $191 billion, according to Bloomberg. She is ranked No.

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Seattle hoops legend Jamal Crawford defends his use of BlackBerry phone: ‘It’s the keyboard’

GeekWire

It's 2021 and @JCrossover is still rocking a Blackberry. — NBA on TNT (@NBAonTNT) March 26, 2021. The longtime NBA player, who last played for the Brooklyn Nets during the 2019 season, was a standout player at Seattle’s Rainier Beach High School in the late 1990s. pic.twitter.com/LFMkmsAJhB. ”

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Bechtle: Pursuing a Multi-Faceted Sustainability Strategy

CIO Business Intelligence

Providing hardware, software, and IT solutions and services, the company also delivers an extensive array of cloud offerings from dedicated private clouds to deployments with the world’s largest hyperscalers, including Amazon Web Services, Google Cloud, and Microsoft Azure.

Strategy 105
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Amazon blows past estimates for holiday quarter, sets record with $125.6B in revenue

GeekWire

Amazon Web Services chief Andy Jassy will replace Bezos, who founded Amazon 27 years ago. The Seattle tech giant has surged amid the pandemic as consumers turn to online shopping and more people rely on its cloud arm, Amazon Web Services. Profit: Amazon reported net income of $7.2 billion in sales.

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This forensic accounting startup in Seattle is helping lawyers solve fraud investigations

GeekWire

Common use cases include divorce disputes between high net-worth individuals, insurance companies auditing for Medicare fraud, and chapter 11 bankruptcies. million seed round in 2021. ” The startup is built on Amazon Web Services, making it “much more secure than your average IT infrastructure,” McCall said.

Financial 104
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Amazon’s earnings show why Andy Jassy is now in charge

The Verge

That’s an enormous amount of money, but investors were hoping for a bit more, around $115 billion, and Amazon’s stock has been slipping since releasing the figures in its Q2 2021 earnings report this afternoon. Amazon Web Services did $14.8 billion in net sales, up 37 percent year over year. AWS is picking up speed.

.Net 91