Ever since it became fashionable to trash Groupon (and it has become VERY fashionable), the response from the company's supporters has been that it's "the next Amazon."
Amazon was subjected to the same knee-jerk skepticism and hate for much of the late 1990s, Groupon supporters point out.
Amazon CEO Jeff Bezos has had a nice three months. On February 9, three months ago, Amazon's stock was trading at around $482a share. On Tuesday, it finished at an all-time high of $703.07. That's a nice increase for Amazon investors, and for the company itself, which now boasts a market cap of roughly $332 billion. But the biggest winner is undoubtedly Bezos, the company's founder, who owns 17.
Amazon Prime is the online retailer's paid membership program that gives peoplefree two-day shipping, free access to a bunch of books,moviesand music, as well as unlimited cloud photo storage space. Prime is an important part of Amazon's business because it helps to create moreloyal customers who tend to spend more on its site.
Amazon unveiled a new Kindle e-book reader called the Kindle Oasis on Wednesday.As Amazon CEO Jeff Bezos hinted last week, the latest Kindle got a complete facelift, with a new design and display that makes it the thinnest and lightest Kindle ever.The Kindle Oasis will be available for pre-order todayfor $289.99 and will start shippingon April 27.
Here's how Amazon's three main businesses compare in terms of operating margins, including stock-based compensation:What's really striking, though, is that Amazon nearly doubled AWS's operating margin year-over-year. AWS's margin went from 12.5% in Q1 of 2015 to 23.5%.The improvement is basically the payoff from heavy data-center investment in 2014 and early 2015, says Mizuho analyst Neil Doshi.
Amazon CEO Jeff Bezos apparently didn't waste too much time before signing the $250 million Washington Post deal in 2013. Although it was one of the largest acquisitions he's ever done at the time, Bezos says he didn't do any due diligence and just accepted the first offer that came from Don Graham, the former owner of the Washington Post, according to a profile by Fortune's Adam Lashinsky.
However, Staples and Office Depot lawyers argued that the merged company would be more efficient and could pass savings on to customers thanks to at least $1 billion in "synergies," possibly in the form of layoffs. They also have a new, formidable online rival: Amazon Business.
Amazon is trying to build a global supply chain to reduce costs and create deeper customer relationships.""Similarly, we believe Amazon is working to create a limited pickup and delivery operation to meet niche customer requirements and to keep the traditional parcel carriers 'honest' with regards to pricing and service commitments," the note said.
Microsoft on Thursday said that its cloud computing revenue is on a"run rate" of more $10 billion , which puts it on track to hit itspromised $20 billion run-rate by 2018. Run rate is a slippery number that means that if customers keep spending the way they are, revenue will hit that number in a 12-month period. It's slippery because somecloud contractsdon't exactly work like that.
"General Growth Properties, Inc. Chief Executive Officer Sandeep Mathrani has indicated that a statement he made concerning Amazon during GGP's earnings conference call held on February 2, 2016, was not intended to represent Amazon's plans," according to a statement released by the company Wednesday.
After announcing the Mission Innovation program to convince nations to double their clean energy investment budgets, Bill Gates has launched another massive initiative at the United Nations Climate Change conference in Paris. The Breakthrough Energy Coalition is backed by a who's who of tech leaders, including Mark Zuckerberg, Jeff Bezos, Jack Ma and Richard Branson.
For more than a decade Jeff Bezos kept his Blue Origin rocket company under wraps. Engineers toiled for years at four different engines in a rocket factory near Seattle before testing those machines in a remote area of West Texas. Meanwhile, the spaceflight industry wondered what Bezos and his billions were up to.
$131.88 per year, significantly higher than the original $99 fee for the annual membership.Amazon wants more people to use Prime, its paid membership program that gives access to free delivery and a bunch of streaming content. But as fast as it's grown, Prime is believed to be heavily concentratedinupper-income households , essentially saturating that market.
Amazon Web Services has just founda big partnerto its expanding userlist: Salesforce, the $50 billion cloud-software maker. According to the WSJ , Salesforce will build some parts of its upcomingInternet of Things cloud software on top of AWS, testingits newest initiative on Amazon's cloud-computing service.
That means whilecompanies can rent computers and storage and networking from Google cloud, Google is really trying toGoogle is going after the cloud computing market in a big way. The company invested nearly $10 billion of capital expenditures to buildits cloud business in 2015 alone, new cloud leader Diane Greene said during her keynote speech on Wednesday at Google's cloud tech conference in.
Amazon's Echo is already proving its worth in thousands of kitchens and living rooms, but when your smart speaker is entirely voice controlled, why does it need space on your coffee table? One enterprising Redditer has taken the obvious next step and moved his Echo completely out of the way, cooking up a ceiling mount that not only helps keep things tidy but could improve performance, too.
Rakuten, just like Amazon , is experimenting with drones that can quickly deliver goods to its customers. Unlike Jeff Bezos' company, however, the e-commerce giant is starting small with a service designed for golfers . From May, players at a specific course in Japan's Chiba prefecture will be able to take out their phone and request some new golf balls or refreshments.