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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. Amazon Web Services posted revenue of $22.1 ” [Rose 13.5%

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

GeekWire

The retail giant is increasingly going head-to-head with Amazon across digital and physical retail sales channels. Walmart’s ecommerce business in the United States grew 97% in the company’s second fiscal quarter, ended July 31, the retail giant reported Tuesday morning. retail sales kicked up in 2Q.

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

GeekWire

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. The company posted revenue of $4.2 Jamie Cohen.

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Tech Moves: Smartsheet, Qumulo, Zipwhip add board directors; Bardy hires a new president; Maven co-founder steps down; and more

GeekWire

Zappos longtime CEO Tony Hsieh stepped down from the Amazon-owned retailer last month. million, up 41%, and a non-GAAP net loss of $0.06 based CloudMoyo, Kaiser Permanente, Amazon Web Services, and Microsoft. Zappos new CEO Kedar Deshpande. Zappos Photo). He is succeeded by former COO Kedar Deshpande. The Bellevue, Wash.-based

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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.

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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. million small and medium-sized businesses sell in our store, and they make up close to 60% of our retail sales. Our net income in 2020 was $21.3 “I’m an inventor. More than 1.9

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