Block reports Q4 revenue up 4% YoY to $6.25B, gross profit up 24% to $2.87B, driven by a 33% surge in Cash App, and forecasts Q1 gross profit up 22% to $2.8B
Block (XYZ.N) on Thursday said it will cut over 4,000 jobs, nearly half its workforce, as part of an overhaul …
Block says it is laying off 4,000+ of its 10,000+ employees, saying AI tools have changed “what it means to build and run a company”; XYZ jumps 15%+
Block said Thursday it's laying off more than 4,000 employees, or about half of its headcount.
Sources: Amazon plans to cut as much as 15% of its 10,000+ HR employees, and additional layoffs will likely affect other areas of its core consumer business
Amazon is preparing to cut as much as 15% of its human resources staff, with additional layoffs likely in other divisions …
A profile of LA-based Whatnot, a livestream marketplace valued at ~$5B, which has raised $700M+ since 2019 and expects its GMV to grow ~100% YoY to $6B+ in 2025
a $5 billion livestreaming shopping app that will sell $6 billion in goods this year...from sports cards to luxury bags. The app's eclectic group of sellers have a lot to do with i...
Source: Amazon plans to soon show how much President Trump's tariffs are adding to the price of each product, right next to its total listed price
Karoline Leavitt Calls It ‘Hostile’ Move Fox Business : White House calls Amazon tariff pricing display ‘hostile and political act’ Megan Ziegler / FOX 9 Minneapolis-St. Paul : Ama...
White House Press Secretary Karoline Leavitt says Amazon reportedly adding tariff pricing to each product on its site “is a hostile and political act by Amazon”
WATCH NOW — The White House on Tuesday slammed Amazon for reportedly planning to display the cost …
OpenAI releases a “research preview” of its Operator AI agent that can automate web-based tasks, launching to US subscribers of its $200/month ChatGPT Pro tier
A research preview of an agent that can use its own browser to perform tasks for you. OpenAI on YouTube : Introduction to Operator & Agents David Gewirtz / ZDNET : Operator isn't w...
OpenAI partners with DoorDash, eBay, Instacart, Priceline, StubHub, Uber, and other companies to ensure that Operator respects their terms of service agreements
OpenAI CEO Sam Altman kicked off this year by saying in a blog post that 2025 would be big for AI agents, tools that can automate tasks and take actions on your behalf.
A profile of AWS CEO Matt Garman, including his first few months on the job, what his stewardship means for the business, and his opportunities and challenges
It's true. I *can't* understand why he wouldn't take a selfie with me! — fortune.com/2024/12/19/a... Mastodon: Greg Linden / @glinden@sigmoid.social : @Techmeme It seems weird t...
A profile of AWS CEO Matt Garman, including his first few months on the job, what his stewardship means for the business, and his opportunities and challenges
Matt Garman joined Amazon Web Services as an intern nearly two decades ago. But his appearance earlier this month … Bluesky: @quinnypig.com . X: @delrey . LinkedIn: Jason Del Rey ...
US v. Google: a federal judge rules that Google illegally monopolized the search market, including through deals to be the default option on phones and browsers
Google's payments to make its search engine the default on smartphone web browsers violates US antitrust law, a federal judge ruled Monday …
How GM is scrambling to save Cruise, which has become a liability after one of its automated vehicles hit and dragged a pedestrian 20 feet in October 2023
In his annual shareholder letter, Andy Jassy says GenAI “may be the largest technology transformation since the cloud” and Amazon is committed to cost-cutting
how does Amazon remain resilient? While simple in its wording, it's profound because it gets to the heart of our success to date as well as for the future” His response: [image] Ri...
In his annual shareholder letter, Andy Jassy says GenAI “may be the largest technology transformation since the cloud” and Amazon is committed to cost-cutting
how does Amazon remain resilient? While simple in its wording, it's profound because it gets to the heart of our success to date as well as for the future” His response: [image] Ri...
In his annual shareholder letter, Andy Jassy says GenAI “may be the largest technology transformation since the cloud” and Amazon is committed to cost-cutting
how does Amazon remain resilient? While simple in its wording, it's profound because it gets to the heart of our success to date as well as for the future” His response: [image] Ri...
Amazon Lending, launched in 2011, discontinues underwriting new loans for sellers in the US and the UK, but third-party financing options will still be offered
fees piling up, profits slimming down, and now, one less financial lifeline for sellers. How does this move feel to you as a... [image] Jack Cahill / @jackcah39272126 : Amazon lend...
Amazon Q4: revenue up 14% YoY to $170B, net income of $10.6B vs. $0.3B YoY, operating income of $13.2B, and subscription revenue up 14% to $10.5B; AMZN up 5%+
Revenue up 14% to $170.0 billion — Net income up 3433% to $10.6 billion — AWS up 13% — Subscriptions up 14% — Advertising services up 27% — North American sales up 13% —...
Shopify reports Q1 revenue up 25% YoY to $1.5B, vs. $1.43B est., GMV up 15% YoY to $49.6B, vs. $47.7B est., and plans to cut ~20% of its staff; SHOP jumps 20%+
Ilya Banares / Bloomberg :
Current and ex-Amazon managers and executives say the focus on managing costs should've come sooner, ideas aren't being evaluated with the same rigor, and more
Jason Del Rey / Vox :
Amazon begins laying off 18,000+ employees, impacting around 1% of its total workforce and 6% of its corporate staff, mostly in its retail and HR departments
Amazon.com Inc. is set to begin a round of layoffs ultimately affecting more than 18,000 employees in the largest job cull in its history …