Remove .Net Remove Internet Remove Retail Remove Web Services
article thumbnail

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

GeekWire

AskJeeves was acquired in 2005 by IAC, the internet media company run by Barry Diller, who is also chairman of Seattle-based Expedia Group. Its net loss for the first nine months of this year was $2.2 ” Sharma joined Madrona last year from Amazon Web Services. The company posted revenue of $4.2 billion in 2019.

Groups 76
article thumbnail

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Amazon will have a new CEO as Jeff Bezos transitions to executive chair later this year

The Verge

Andy Jassy , who currently serves as CEO of Amazon Web Services (AWS), will replace Bezos as Amazon CEO. Bezos has also prospered as head of the company, with skyrocketing wealth that ( until just a few weeks ago ) made him the single richest human on Earth, with a net worth of nearly $180 billion.

article thumbnail

Basically everything on Amazon has become an ad. It’s only the beginning.

Vox

While company founder Jeff Bezos once said that “advertising is the price you pay for having an unremarkable product or service,” Amazon has in recent years become an ad-selling machine, driven by the substantial profit margins and the rising value of digital retail estate on the most popular shopping site in the West.