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Amazon stock rises after beating Q3 estimates with $143.1B in revenue, $9.9B in profits

GeekWire

. “We had a strong third quarter as our cost to serve and speed of delivery in our Stores business took another step forward, our AWS growth continued to stabilize, our Advertising revenue grew robustly, and overall operating income and free cash flow rose significantly,” Amazon CEO Andy Jassy said in a statement.

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Amazon stock rises, then drops after beating Q1 estimates with $127.4B in revenue

GeekWire

Net income was $0.31 Analysts were closely watching Amazon Web Services as it is a key profit driver but has faced slowing growth amid the broader tech spending slowdown and other macroeconomic conditions. Amazon Web Services: Amazon’s cloud business was up 16% at $21.3 Advertising brought in $9.5

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Amazon stock jumps 7% after Q2 earnings beat estimates with $134.4B in revenue

GeekWire

Net income was $0.65 Recent changes to the company’s shipping fulfillment network, including better inventory placement, have also resulted in decreased costs, said Amazon CFO Brian Olsavsky on a call with reporters. Amazon Web Services: Amazon’s cloud business was up 12% at $22.1 Advertising brought in $10.6

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

Vox

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. AWS netted $13.5 ILSR estimates seller fees netted $24 billion. billion in 2020, according to Amazon’s financial data.

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

Vox

Combined with improvements to existing technology like DSL, cable, and fiber — not to mention 4G and 5G cellular networks — futuristic satellite broadband stands to bridge the digital divide in the US and elsewhere. The agency says it will prioritize networks that offer low latency when giving out funding.

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We asked 24 startups in the new Techstars Seattle class about how AI is impacting their business

GeekWire

The companies represent industries including healthcare, finance, culinary, advertising, robotics, and more. GeekWire Photo / Nate Bek) AdsGency The pitch: A no-code platform to automate advertising workflows from ideation and content generation to performance monitoring and optimization. Others have AI embedded within the products.

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Here are all the winners of the 2020 Webby Awards

The Verge

Webby People’s Voice Award for Media Streaming : DC Universe by WB Digital Networks - DC Universe. Webby Award for Music : Bastille - Doom Days Web AR by Powster. Webby Award and Webby People’s Voice Award for Net Art : 150 years of Nature by IBM Research AI - Northeastern University. Collective. by Homestead Brooklyn.

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