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

GeekWire

The declining percentage comes from noticeably slower growth in the online segment over the past couple years (including year-over year declines in some recent quarters) and the continued growth of the company’s revenue from areas including third party seller services, Amazon Web Services, and advertising services.

.Net 91
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Seattle startup Downstream, which helps brands with their Amazon ads, acquired by Jungle Scout

GeekWire

Jungle Scout raised $110 million and today announced the acquisition of Downstream , a Seattle startup that helps brands with their Amazon advertising strategies. Connor Folley , an ex-Amazon marketing manager, and Salim Hamed , who worked in business intelligence engineering for Amazon Web Services, launched the company in late 2017.

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Amazon reports $149B in revenue for holiday quarter, beating estimates, but shares fall 6%

GeekWire

In a sign of the broader tech spending slowdown, revenue for Amazon Web Services grew just 20% in the fourth quarter, compared to 40% growth in the year-ago period. Amazon Web Services: Amazon’s cloud business was up 20% at $21.3 Advertising: Along with AWS, advertising is one of Amazon’s higher-margin businesses.

Report 118
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Amazon’s Halo disappears: Tech giant discontinues health devices and service, promises refunds

GeekWire

The company today also started notifying employees impacted by its latest round of job cuts in Amazon Web Services, HR, Twitch and Amazon Advertising. An earlier round of Amazon layoffs impacted some other parts of Amazon’s Devices & Services division.

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In new NFL deal, Amazon to be exclusive home for ‘Thursday Night Football’ at a reported $1B per year

GeekWire

As part of the deal, Prime Video also secured rights to a weekly slate of original NFL programming and expanded rights to in-game highlights for all NFL matchups. Beyond broadcasting, Amazon’s relationship with the NFL extends to the league’s use of Amazon Web Services as its official cloud and machine learning provider.

Report 128
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Tech Moves: Convoy names general counsel; startup founders land new gigs after shutdowns

GeekWire

Former Amazon Web Services VP Steven Shure relocated to the San Francisco Bay Area from Seattle to join alternative search engine Neeva as chief business officer. He previously held engineering leadership roles at Microsoft and Amazon Web Services. He previously managed advertising partnerships at Apple.

CTO Hire 122
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Tech Moves: AWS product head joins Faculty; Bezos Earth Fund hires BlackRock leader; and more

GeekWire

Sullivan was previously head of product for the AI DevOps group at Amazon Web Services, where he led teams helping customers build and manage cloud-based applications. based $10 billion Bezos Earth Fund , launched by Amazon founder Jeff Bezos, appointed Paul Bodnar to help lead programs on climate finance, industry and diplomacy.