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Amazon’s online store sales dip below 40% of net sales for first time, and other earnings notes

GeekWire

The chart below is what Amazon’s net sales look like in raw numbers over the past several years, broken down into the major business segments reported by the Seattle-based company. Here are the same results, expressed as a percentage of net sales. Here’s how the company defines each segment in its 10Q filing.

.Net 84
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IT services company Atos finalizes plan for IBM-style split

CIO Business Intelligence

IT services company Atos has found a buyer for its legacy managed infrastructure services business as it prepares for an IBM-style split between faster- and slower-growing activities. Atos had planned to divide into two publicly listed companies, but on August 1 announced it is taking a different route.

IBM 98
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Remitly revenue climbs 69% to $121M in first earnings report as public company

GeekWire

Seattle-based financial services company Remitly issued its first earnings report since its initial public offering, reporting revenue of $121.2 The company said the total volume of money sent through its system increased 61% to $5.2 Remitly’s net loss widened to $13 million for the quarter, from a $2.4 30, up 69%.

Report 108
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How Trainline’s CTO stays on track with professional development

CIO Business Intelligence

Few would swap sunny San Francisco and the innovation of Silicon Valley for a train ticketing company serving disgruntled UK commuters, but try telling that to Trainline CTO, Milena Nikolic. The company sold more than 204 tickets every minute. The company has approximately 800 staff in total across the business.

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Tech Moves: Leafly board member departs; Uber Freight hires ex-Convoy comms lead

GeekWire

. — Blaise Judja-Sato stepped down from the board of Seattle-based cannabis company Leafly, effective Nov. His resignation was not the result of any disagreement with the company. The company is facing headwinds from decelerating digital ad spend and slowing sales across the marijuana industry following a pandemic surge.

.Net 90
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Adaptive Biotech hires Goldman Sachs to explore ‘strategic alternatives’ for key business lines

GeekWire

(GeekWire File Photo) With revenues declining and net losses increasing, Seattle-based Adaptive Biotechnologies on Thursday said it hired Goldman Sachs to help conduct a review of strategic alternatives for its Minimal Residual Disease (MRD) and Immune Medicine businesses. “All The company laid off 12% of its workforce last year.

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Amazon pours up to $4B into AI startup Anthropic, escalating rivalry with Microsoft and Google

GeekWire

Dario Amodei, co-founder and CEO, Anthropic, at the 2023 Fortune Brainstorm Tech conference in Park City, Utah. The company’s founders split from OpenAI after becoming concerned that the ChatGPT maker was becoming too commercial. Photo by Stuart Isett/Fortune, Creative Commons BY-NC-ND 2.0 , via Flickr.) ”