Amazon grows like a startup—revenues jumped 31% to $233 billion in 2018—and suddenly the ambitious-as-its-name company is recording lusty profits as well. Amazon earned $10 billion last year on the strength of its industry-leading online software business, Amazon Web Services. For years the company that Jeff Bezos founded in 1994 as an online bookseller was a fearsome e-commerce competitor that either lost money altogether or eked out tiny margins. Today it is the disruptor to beat in everything from bundled memberships of free and speedy retail delivery and original video programming to groundbreaking Alexa-powered Echo digital assistants.
Looking for leads, investment insights, or competitive intelligence?
News about Amazon.com
This is your Data Sheet newsletter for Tuesday, June 25, 2019.
The patented technology would extend Amazon's information-gathering reach.
The tech giant misses the importance of remote work.
On an average day, about 800 dogs come in to the office.
The U.S. is reported to be threatening new caps on the visas, which would hit India the hardest.