It looks like Amazon would be losing a lot of money if not for AWS
Amazon reported its second-quarter earnings today, and it was a bit of a whiff — and a bummer for Jeff Bezos, who is now no longer the solar system’s richest human and has been relegated to the unfortunate position of second-richest human. Read More Continue reading It looks like Amazon would be losing a lot of money if not for AWS
Nicholas Shekerdemian has a pretty typical startup story: he dropped out of college, met up with a technical co-founder and then ended up starting a company. But Shekerdemian, who at the time was helping match English teachers with Chinese citizens, wanted to start a company that would solve his own problem: actually getting a job at a cookie cutter company where everyone else applies. So…
Slack is in the midst of raising another $500 million in financing at what could be a $5 billion valuation — money it will likely critically need as it goes after major corporate clients and construct a functional business — according to a report by Recode. Slack also got some interest with a $9 billion price tag from Amazon, according to a report from Bloomberg last night. All…
Yext’s first earnings report as a publicly traded company seems to be a boringly pleasant one — but that’s a good thing for a company that needs to show strong performance out of the gate.
Like Box’s last quarterly check-in, the company once again touted that it had free cash flow in the first quarter this year as part of its Q1 earnings report today — a signal that Wall Street may be looking for as a barometer of its future health as a company. Box in the last quarter said it would likely lose between 14 cents and 15 cents per share, though it looks like it came…
You probably still get plenty of snail mail at your home — whether that’s wedding invitations, bills or advertisements for new credit cards. But despite all the efforts to kill that snail mail and get it sent directly to an inbox, there really doesn’t yet seem to be a replacement to that experience of getting home and stepping over those letters from businesses (important…
WeWork, which is said to be raising as much as $4 billion at a valuation of more than $20 billion, is still on its way to hitting $1 billion in annual revenue this year — though CEO Adam Neumann said at TechCrunch Disrupt NY 2017 that it’s not quite as simple as betting big on enterprise deals. Neumann said that enterprise deals, which would help handle office space for larger…
Nvidia’s ballooning GPU business and big bets on divisions like autonomous driving continue to look better and better, with the company’s shares jumping more than 10% after it reported its first-quarter earnings. In the first quarter this year, the company said it brought in $507 million in net income — up from $208 million in the first quarter a year ago. That doubled…
As a company gets bigger and bigger, finding out the answer to some question you have in your head — like the definition of some kind of acronym or the right process to hire someone — is going to be harder and harder to find. For Slack, which given that it’s a constant stream of communication, that’s going to be doubly true. But over time Slack wants to become a kind…