Tag: amazon
IPOs, crypto funds and other things I missed this week
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. What a week it’s been. I’m exhausted. Not only are we another cycle deeper into the COVID-19 quarantine, but there seems to be more news than ever to sift through.…
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Amazon HQ employees can work from home until ‘at least’ October
Amazon’s Seattle headquarters is likely to be a lot emptier than usual until the fall, according to a new report from the Seattle Times. The e-commerce giant has reportedly told corporate staff that they have the option of working from home “at least… Source
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Amazon details the war mechanics of its ‘New World’ MMO
Amazon’s New World MMO will apparently have an intricately detailed war system, based on the company’s latest post about the game. As part of New World’s Developer Diary Series, Amazon has revealed how players will be able to wage war against each ot… Source
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Amazon plans to spend $4 billion on COVID-related expenses
Fueled in part by a massive uptick in demand for groceries and other essential items, Amazon reported a big jump in sales for the first quarter in 2020. But that also equated to a sharp increase in costs, which unfortunately resulted in lower profits… Source
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AWS hits $10B for the quarter putting it on a $40B run rate
AWS, the cloud arm of Amazon, would be a pretty successful business on its own. Today, the company announced it has passed $10 billion for the quarter, putting the cloud business on an impressive run rate of more than $40 billion. It was a bright spot for the company in…
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African fintech firm Flutterwave launches SME e-commerce portal
San Francisco and Lagos-based fintech startup Flutterwave has launched Flutterwave Store, a portal for African merchants to create digital shops to sell online. The product is less Amazon and more eBay — with no inventory or warehouse requirements. Flutterwave insists the move doesn’t represent any shift away from its core payments business.…
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