Amazon reports Q1 revenue up 13% YoY to $143.3B, a $10.4B net income, vs. $3.2B YoY, $15.3B operating income, vs. $4.8B YoY, subscription sales up 11% to $10.7B
but fails to deliver dividend Camilla Hodgson / Financial Times : Amazon cloud sales growth accelerates as group prepares for more AI spending Larry Dignan / Constellation Research : AWS annual revenu...
Cisco plans to acquire cybersecurity company Splunk in cash for $157 per share, a 31% premium on Splunk's September 20 closing price, in a deal valued at ~$28B
https://www.reuters.com/... Chris Merkel / @chrismerkel@infosec.exchange : Scoop: Anonymous has hacked the neuralinks of the leadership teams at Splunk and Cisco. While I can't identify the specific ...
An interview with Instacart founder and former CEO Apoorva Mehta on Instacart's beginnings, his board exit, his reluctance to take the company public, and more
and today he cut all ties with the company Reuters : Instacart set to be valued at nearly $13 bln in Wall Street debut Ari Levy / CNBC : Instacart closed up 12.33% in its Nasdaq debut, valuing the gro...
Amazon plans to acquire primary health care provider One Medical, which offers in-person, digital, and virtual services, for about $3.9B in an all-cash deal
Amazon is buying One Medical, the so-called “Netflix of primary care,” for $3.9 billion. Ashley Belanger / Ars Technica : Amazon might own your doctor's office after latest acquisition Bloomberg : Ama...
Coinbase beats with $2.5B Q4 revenue, $840M net income, and 11.4M monthly transacting users, up from 7.4M in Q3; 2021 revenue was $7.4B, up from $1.1B in 2020
2021 was a year of tremendous growth and development in the cryptoeconomy, as well as for Coinbase. MK Manoylov / The Block : Coinbase earned $2.5 billion in net revenue during 2021's fourth quarter T...
Amazon debuts Astro, a $1K short robot with an Echo Show-like 10" display on top, meant to roam around the home; invite-only program is open for applications
Amazon's Astro isn't a home robot, it's a camera on wheels C. Scott Brown / Android Authority : Everything Amazon announced at its Fall 2021 hardware event Mitchell Clark / The Verge : Amazon Astro is...
On Monday, Facebook's stock rose 4.2%, closing at $355.64, giving Facebook a $1T market cap for the first time, the fifth US company to hit the milestone
The irony: The milestone was achieved following a federal judge's dismissal of an antitrust complaint from the FTC, which sent shares up. https://www.axios.com/... Caleb Watney / @calebwatney : Extrem...
Amazon Q1: $75.5B revenue, up 26% YoY, net income of $2.5B, down from $3.6B in Q1 2019, AWS revenue of $10.2B, up from $7.7B YoY
an estimated $4 billion — on responding to the coronavirus pandemic...Some of the $4 billion will also fund higher wages for workers, personal protective equipment.” https://www.cnbc.com/... Jon Erlic...
Larry Page steps down as Alphabet CEO; Sundar Pichai to lead both Alphabet and Google
Silicon Valley is still politely shrugging … Tom Metcalf / Bloomberg : Alphabet's New Boss Leaves Silicon Valley Giants Low on Founders PYMNTS.com : Top News In Payments: CFPB Seeks Remittance Exempti...
Uber reports Q1 revenue of $3.1B, up 20% YoY, gross bookings of $14.65B, up 34%, net loss of $1.01B; Uber Eats revenue grew 31% to $239M, gross bookings up 108%
and Wall Street is thrilled Tweets: @cnbc : “We're probably a couple years away from really being in the clear here.” Here's what 3 experts had to say about Uber's first-ever quarterly earnings report...