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All Posts Tagged Tag: ‘Jeff Bezos ’

Bezos: Amazon Web Services Is A $5 Billion Business

Amazon just reported its financial results for the first quarter, including a 15% year-over-year increase in net sales at $22.72 billion. With this report, Amazon has begun giving more financial details about its Amazon Web Services (AWS) business. And the financials on that are looking pretty good. CEO Jeff Bezos said: “Amazon Web Services is a $5 billion business and …

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Under Bezos, Washington Post Has A New Way To Make Money

Last year, Amazon founder and CEO Jeff Bezos bought The Washington Post. Now, the newspaper is moving forward with a new revenue stream, and it’s something pretty unique for a newspaper publisher. The Post will license its content management system to other newspaper sites, according to a report from The Financial Times, which says: Potential clients could include the recently …

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Amazon Reports 20% Sales Increase, $544 Million Loss

Amazon just released its earnings report for the third quarter. Net sales were up 20% year-over-year at $20.58 Billion, which is a bit under analysts’ expectations. Earnings per share came in at – $0.95, which is significantly less than expected. Investors weren’t thrilled with Q2, and Q3 appears to be an even bigger disappointment. CEO Jeff Bezos had this to …

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Amazon Completes Twitch Acquisition

Last month, Amazon announced its intent to acquire Twitch, the popular live video platform for gamers. That acquisition was completed on Thursday, records show. You can see the SEC filing here (via ZDnet), which says: “On September 25, 2014, Amazon.com, Inc. completed its acquisition of Twitch Interactive, Inc.” Amazon CEO Jeff Bezos said upon the company’s initial announcement, “‚ÄúBroadcasting and …

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Amazon CFO Thomas Szkutak To Retire

Amazon announced on Wednesday that Senior Vice President and Chief Financial Officer Thomas J. Szkutak will retire from the company next June. He has been CFO since joining Amazon in 2002. Szkutak currently oversees the controller, treasury, investor relations, tax, internal audit and facilities functions at Amazon, in addition to the financial management of its business units. VP of Finance …

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Bezos’ Washington Post Puts Amazon Affiliate Links In Articles

Over the weekend, some observers noticed that the Washington Post, which was purchased by Amazon CEO Jeff Bezos last year, was featuring Amazon “Buy it Now” buttons/affiliate links in certain articles. Paul Carr at PandoDaily points to an article called “What Divisive ‘Charlie and the Chocolate Factory’ cover says about books and readers.” The article is about the cover art …

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Amazon Reports 23% Sales Increase, $126 Million Loss

Amazon just released its earnings report for the second quarter. Net sales were up 23% year over year at $19.34 billion, which is in tune with analysts’ expectations, though earnings per share were – $0.27, which is a greater loss than expected. Stock immediately started going down. Operating cash flow was up 18% year-over-year at $5.33 billion, while free cash …

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Amazon Unveils Fire, Its Long-Awaited Smartphone

Amazon CEO Jeff Bezos just unveiled the company’s long-anticipated smartphone, and it’s called the Fire Phone. The device looks vaguely iPhone-esque, but should appeal to fans of Amazon’s Kindle Fire tablets. It uses Gorilla Glass 3 and a rubber frame with aluminum buttons. It has a 4.7″ IPS LCD HD display, optimized for on-handed use. Bezos says the phone has …

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Amazon Earnings Released, Sales Up 23% At $19.74 Billion

Amazon just released its Q1 earnings report with net sales for the quarter at $19.74 billion, up 23% year-over-year. A report earlier this week indicates that the company is taking a sales hit in states that have implemented online sales tax. Net income increased to $108 million from $82 million for the same period last year. CEO Jeff Bezos said, …

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Jeff Bezos And Others Give Business Insider $12 Million

Business Insider announced on Wednesday that it has raised a new $12 million round of funding from existing investors including Amazon CEO Jeff Bezos. Others include IVP, RRE, and Gordon Crovitz. According to CEO Henry Blodget, Business Insider will use the money to create “more great digital journalism (including long-form narratives and investigations),” more photography, more video, more data and …

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Will Amazon’s Drones Be As Normal As Mail Trucks?

Are you ready for a future in which unmanned drones come from the sky to deliver you products you ordered less than a half hour ago? I hope so, because that future is very close. At least Amazon hopes it is. Do you like the idea of drones delivering products to your home? Share your thoughts in the comments. The …

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Amazon to Use Drones for Delivery

The question of if drone use is ethical has been a hot topic this year. Although they have initially been deployed to fire missiles across seas, Amazon wishes to use them in a more peaceful manner– to get items to a purchaser fast. How fast? The founder of Amazon, Jeff Bezos, recently told 60 Minutes that more than 80% of …

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