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Amazon closes acquisition of One Medical, lowers price of primary care membership

GeekWire

billion in revenue last year, up 68% from the year prior, with a net loss of $144.1 One Medical memberships are separate from Amazon’s Prime membership program — for now. The company went public in January 2020. Based in San Francisco, One Medical had 836,000 members and 221 medical offices in the U.S. It posted $1.04

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Walmart’s U.S. ecommerce sales top $10B as retail giant prepares to challenge Amazon Prime

GeekWire

net sales for the first time, according to GeekWire’s calculations, based on Walmart’s current and past financial results. — Shira Ovide (@ShiraOvide) August 18, 2020. In addition, McMillon gave new details on the call about an upcoming revamp of Walmart’s membership program, reportedly dubbed Walmart+.

Retail 141
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Seattle’s Climate Pledge Arena to feature Amazon’s ‘Just Walk Out’ tech to avoid lines in select stores

GeekWire

.” “We immediately began to talk to them about developing a self-service concessions stand in this facility, using their cloud system,” Leiweke said. The Just Walk Out tech-enabled stores will sell beer, wine, soft drinks, coffee, water, and food offerings from The Climate Collective, the arena’s food and beverage program.

Sports 101
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Tech Moves: Expedia board director Skip Battle resigns; Madrona promotions; Vacasa’s new CFO

GeekWire

billion for first nine months of 2020, down from $9.3 Its net loss for the first nine months of this year was $2.2 Techstars Seattle, which hosts a three month accelerator program, graduated its 11th cohort this year and is led by Managing Director Isaac Kato. ” Sharma joined Madrona last year from Amazon Web Services.

Groups 76
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Amazon’s strategy to squeeze marketplace sellers and maximize its own profits is evolving

Vox

In his 2020 letter to shareholders, Jeff Bezos said it accounted for nearly 60 percent of Amazon’s retail sales, which come from nearly 2 million sellers. That revenue translates to a lot of profit — more than even Amazon Web Services (AWS), Amazon’s cloud computing platform typically believed to be the company’s most profitable arm.

Strategy 125
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How the pandemic is bringing Elon Musk’s dream to connect everyone on Earth closer to reality

Vox

One could imagine Amazon using satellite broadband to boost its Amazon Web Services (AWS) business, or Facebook using it to ensure that more people get online and look at Facebook. In 2020, there are two main ways companies deliver satellite broadband. million in funding from a similar FCC program last year.

Internet 129
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Read Jeff Bezos’ shareholders letter: Amazon founder focuses on employee welfare, comments on union vote

GeekWire

What’s next: Bezos will step down as CEO in the third quarter of this year, replaced by Amazon Web Services chief Andy Jassy. Amazon Web Services serves millions of customers and ended 2020 with a $50 billion annualized run rate. How much value did we create for shareowners in 2020? More than 1.9

Energy 104