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Amazon’s total Washington state employment declines for the first time, new numbers show

GeekWire

The net decrease in the state comes as Amazon builds up its workforce in downtown Bellevue, but sees its overall employment decline at its main headquarters campus north of downtown Seattle. That’s up year-over year, from about 65% in 2023; but down over the past four years, from about 72% in 2020.

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Amazon increases its market cap by $600B in 2020 — and analysts predict even more growth

GeekWire

Amazon has become one of the top beneficiaries of social distancing mandates amid the COVID-19 pandemic as more people rely on its online store, cloud computing services, digital media offerings, and more amid the pandemic. The company is currently valued at more than $1.5 trillion, with shares trading around $3,150 on Monday.

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Cloud startup Snowflake reveals financials in IPO filing as it battles Amazon, Microsoft, others

GeekWire

Cloud computing startup Snowflake Computing filed for an IPO on Monday, revealing its financial data for the first time as the company prepares to go public. based company said it more than doubled revenue to $242 million in the first half of 2020, with a net loss of $171.3 — Deirdre Bosa (@dee_bosa) August 24, 2020.

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Amazon sustainability report: Carbon emissions rose 19% in 2020 as pandemic drove huge revenue

GeekWire

As Amazon’s sales skyrocketed during the pandemic, its carbon emissions rose — by 19%, according to its 2020 sustainability report , released Wednesday. The report is Amazon’s third annual sustainability report assessing progress toward its 2019 Climate Pledge to achieve net-zero carbon emissions by 2040.

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Google’s cloud business lost more than $5.5 billion last year, but it’s growing fast

The Verge

Google parent company Alphabet weathered the tail end of 2020 to post better-than-expected earnings for the fourth quarter of the year. But the bigger story is that Alphabet broke out Google Cloud’s sales for the first time ever, revealing an eye-popping $5.6 Google Cloud lags behind Azure and AWS, but it’s growing fast.

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Amazon Prime Day, AWS and jobs in the spotlight for Andy Jassy’s first earnings report as CEO

GeekWire

What to watch in the numbers: Wall Street expects Amazon to report overall net sales of $115 billion , on average, a 29% increase year-over-year. That’s toward the high end of Amazon’s previous guidance of net sales between $110 and $116 billion. Earlier this week, Google Cloud reported revenue of $4.6

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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.