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…

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…

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.…

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,…

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,…

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…

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…

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…

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…

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…