Amazon (AMZN.NASDAQ) reported earnings yesterday, beating market expectations by a wide margin and pushing itself into the four comma club - one trillion dollars in market cap. Let's see how they got there.
Two hundred years after the Sherman Anti-trust Act brought about the fall of Rockefeller’s monopoly control, Bernie Saunders and Elizabeth Warren pushed for America to once again decide whether Pepsi (PEP.NASDAQ), Nestle (NESN.SWX) and Amazon (AMZN.NASDAQ) are agreeable corporate spouses or abusive partners slipping in after a trial separation, but in the age of post-modern capitalism are they just promoting ineffective black-and-white partisan politics in a complex world of grays?
Icahn’s traveling roadshow is only marginally better than the criminal activities of Bain Capital. These vicious business vultures swoop in, gain control of the shares, get the company to load up on back-breaking debt to commence a share buyback scheme which they sell into and walk away from long before the company’s books explode all over the retail bag holders.
One of my friends was absolutely stoked when she got her Alexa for Christmas last year. She took pride of place on the shelf beside her wall-mounted TV, where she could maximize her listening capability. Over the next few months, Alexa began to sink into the background of her home, almost as another family member. Whenever she needed help remembering the final ingredient of a recipe, or who was in the Six Million Dollar Man, Alexa came to the rescue.
HERE Technologies, an arms-length subsidiary of Intel (INTC.Q), partnered with Rise Against Hunger India to pack 300,000 meals today for the undernourished and less fortunate.
Jeff Bezos started Amazon in his garage with a couple hundred grand from his parents. This ex-hedge fund manager turned internet titan and evil king-making gnome has often been lauded for his customer-focused business strategies, aggressive business development and industry prowess, but how challenging is the journey when you’re a 1500lb gorilla on someone else’s dime?
The evolution of the web. Photo courtesy of Blockgeeks Web 3.0 is still being defined but experts believe it will create a deeply indexed information superhighway not only serving its users with a unique experience based on preference, but it will also support an army of artificially intelligent virtual agents capable of analyzing petabytes of unstructured data and returning actionable results. Sounds brilliant, but hard realities like the one-size-fits all cloud solutions offered by AWS and the relative immutability of the speed of light, our current system would crumble under the weight of Web 3.0. Companies like Ampd Ventures (AMPD.C) are positioning to facilitate Web 3.0 with their leading-edge last-mile high performance computing solutions.
Full disclosure: I used to work for Amazon (AMZN.Q) as one of their machine-grunts. That’s why when Shopify (SHOP.NYSE) acquired warehouse fulfillment company, 6 Rivers Systems, yesterday for $450 million, I had to take a closer look.
Bitcoin trader makes dumb greedy bet – loses $16 million – kills himself, triggering painful shotgun-in-mouth memory of even dumber, greedier Amazon (AMZN.Q) bet
A few weeks ago, a Chinese Bitcoin trader, Hui Yi, embezzled 2,000 Bitcoins, used them as collateral to take a highly leveraged (100x) short position on the price of Bitcoin.
A JV between Acenzia, Livewell’s (LVWL.V) newly acquired subsidiary, and nutritional supplement producer PRO-DIP launched their eponymously named nutritional supplement on Amazon’s (AMZN.Q) e-commerce website today.