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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.

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Jeff Bezos sells more than $2.4B in Amazon stock

GeekWire

This is his first stock sale of 2021. Bezos is the world’s richest person, currently with a net worth of $191 billion, according to Bloomberg. He is stepping down as CEO later this year and will be replaced by Amazon Web Services chief Andy Jassy. 21 on Bloomberg’s list with a net worth of $57.8

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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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Amazon’s latest earnings cap off a sterling 2020, despite the pandemic

The Verge

Amazon founder and soon-to-be-former CEO Jeff Bezos is stepping down from his role , making way for Amazon Web Services CEO Andy Jassy to take his place, and the company couldn’t be in better shape financially for the big transition. Amazon’s full-year 2020 net sales were up 38 percent, to $386.1

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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 In 2021, the company shut down its Haven healthcare joint venture with Berkshire Hathaway and JPMorgan Chase, and last year it closed its Amazon Care primary care service. at the end of December. It posted $1.04 million, up from $34.8

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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.

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