Sources: xAI has raised $10B at a post-money valuation of $200B, weeks after reportedly raising $10B in debt and equity at a ~$150B valuation
Key Figures for Traders Gino Matos / CryptoSlate : Musk's xAI reportedly seeking $10B in a new funding round Maria Garcia / Implicator.ai : xAI hits $200 billion as Musk cuts costs Theo Wayt / The Inf...
Starlink experienced a network outage for about 2.5 hours on Thursday; NetBlocks reports that connectivity dropped to “16% of ordinary levels”
What Caused The Global Outage And Is It Back Up Yet? Abdullah Asim / PhoneArena : Starlink goes down mere hours after T-Mobile's service goes live Reuters : Musk's Starlink says it is experiencing maj...
Amazon plans to sell Nike products directly for the first time since 2019, when Nike stopped selling through Amazon due to lingering counterfeit issues
and raising prices Jordan Valinsky / CNN : Nike is raising prices - and returning to Amazon Yahoo Finance : Nike on Amazon, Tesla vs. BYD, Snowflake: Trending Tickers Mackenzie Tatananni / Barron's On...
Source: Amazon plans to expand Haul, the ultracheap Temu-like shopping site it launched in the US in November, to countries in Europe starting this year
Theo Wayt / The Information :
Amazon reports Q3 AWS revenue up 19% YoY to $27.45B, vs. $27.52B est., and AWS operating income of $10.45B, vs. $9.15B est., up from $7B in Q3 2023
but for how long? Larry Dignan / Constellation Research : AWS posts Q3 revenue up 19% from a year ago, $110 billion annual run rate Theo Wayt / The Information : Amazon Web Services Reports Steady Gro...
Sources: Gopuff, one of the last fast-delivery startups in the US after Getir's exit, burned ~$400M in 2023 and wants to start generating cash by early 2025
The Information : LinkedIn: Theo Wayt LinkedIn: Theo Wayt : Scoop 🥑 💸 🛵 : Gopuff is the last speedy-delivery startup left standing after Getir just pulled out of the US. …
Amazon plans to remove Just Walk Out from most of its grocery stores and add more grocery stores with Dash Carts, which let shoppers scan items while they shop
and want you to scan all your groceries instead Gintaras Radauskas / Cybernews.com : Amazon phasing out “Just Walk Out” at its Fresh grocery stores Jak Connor / TweakTown : Amazon walks out of its ‘Ju...
Court filing: Amazon claims the NLRB is unconstitutional, after the agency said Amazon illegally retaliated against workers; SpaceX has made a similar claim
like SpaceX — claims the labor board is unconstitutional Ananya Gairola / Benzinga : Jeff Bezos' Amazon Joins SpaceX And Trader Joe's In Slamming NLRB Amid Labor Union Dispute Pranav Dixit / Engadget ...
Sources: Flexport plans to lay off ~20% of workforce, its third round of cut in just over a year; it has ~2600 employees after cutting 20% of staff in October
Theo Wayt / The Information :
Flexport raised $260M from Shopify, one of its biggest shareholders; Shopify sold its money-losing logistics unit to Flexport in exchange for equity in May 2023
Report Threads: Ran Reichman / @ranreichman : I don't understand this on two accounts: 1. Flexport CEO said they have a fortress balance sheet quite recently. 2. Why does Shopify need this? X: Austi...