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SEC charges ‘decentralized’ Amazon Web Services competitor with scamming investors

The Verge

The US Securities and Exchange Commission has charged the would-be creator of a “decentralized” Amazon Web Services alternative with scamming investors out of millions. He compared the service to AWS and Microsoft’s Azure and said that Crowd Machine Compute Tokens (CMCTs) could be worth between $10 and $600 apiece.

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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

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. After building too much warehouse capacity during the pandemic, Amazon continues to improve productivity within its delivery network, he said.

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Amazon earnings preview: Wall Street expects lower profits as tech giant boosts spending

GeekWire

Is the cost of hiring workers and bolstering its fulfillment network taking a toll on Amazon’s bottom line? ” In addition to expanding its fulfillment network, Amazon has been spending more to attract and retain workers in the tight labor market. Wall Street analysts are betting that the answer is yes.

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

GeekWire

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 billion, with $5.3

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Giving an edge to the 5G digital services marketplace

TM Forum

ommunication service providers (CSPs) as they explore new enterprise-focused use cases for 5G networks. demonstrated a digital services marketplace (DSM) involving the composition of cross-industry services and the provisioning of appropriate 5G network slices. The first phase.

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Why Microsoft is Pinterested

GeekWire

There’s good reason why Microsoft would consider a social network like Pinterest for its biggest purchase yet. Pinterest uses Amazon Web Services, the market leader, as its cloud provider. Nor is the reason to shore up Microsoft’s standing in the digital advertising market, though that can’t hurt.

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