Connect with us

Venture Capital

Amazon’s Big Quarter: The Information’s Tech Briefing

Published

on

Any attempts by Jeff Bezos in yesterday’s antitrust hearing to cast Amazon as a minor player in the global retail market quickly got overshadowed by Amazon’s superlative-laden second-quarter results. Sales surged 40% to $89 billion, net income doubled to $5.2 billion and the number of its employees hit one million, it told shareholders Thursday. 

Amazon’s results surprised even its own predictions that it would eat up all its operating profit in the quarter by spending more on safety and other measures for front-line workers—it did spend $4 billion on such costs including special bonuses, but it made $5.8 billion in operating profit. (Amazon declined to say whether it would reinstate those pay increases.)

The company has tried to avoid looking like it was profiting from the pandemic, particularly as antitrust investigations loom. Early on in the shutdowns, when global supply chains froze and Prime delivery times slowed, it wasn’t clear it would. Yet Thursday’s results show Amazon has not only become a more powerful contender during the pandemic, but has easily absorbed the costs to get it there. —Laura Mandaro 

Source: https://www.theinformation.com/articles/amazons-big-quarter-the-informations-tech-briefing

Private Equity

European VC major Balderton brings in industry veteran Kellogg as first-ever executive in residence

Published

on

Early-stage European VC major Balderton Capital has brought in veteran software executive, advisor and angel investor Da

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.altassets.net/private-equity-news/by-news-type/people-news/european-vc-major-balderton-brings-in-industry-veteran-kellogg-as-first-ever-executive-in-residence.html

Continue Reading

Private Equity

European VC major Balderton brings in industry veteran Kellogg as first-ever executive in residence

Published

on

Early-stage European VC major Balderton Capital has brought in veteran software executive, advisor and angel investor Da

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.altassets.net/private-equity-news/by-news-type/people-news/european-vc-major-balderton-brings-in-industry-veteran-kellogg-as-first-ever-executive-in-residence.html

Continue Reading

Venture Capital

CVC buys into $1.85bn accounting advisory firm CFGI, partners with Carlyle to grow company’s Fortune 1000 client base

Published

on

CVC has agreed to acquire a significant interest in their accounting advisory firm CFGI at a valuation of $1.85bn. Carly

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.altassets.net/private-equity-news/by-news-type/deal-news/cvc-buys-into-1-85bn-accounting-advisory-firm-cfgi-partners-with-carlyle-to-grow-companys-fortune-1000-client-base.html

Continue Reading

Private Equity

Blackstone, Vista buy Ellucian from private equity peers TPG, Leonard Green

Published

on

Blackstone and Vista Equity Partners have completed a buyout of higher education tech software provider Ellucian from fe

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.altassets.net/private-equity-news/by-news-type/deal-news/100180557.html

Continue Reading
Esports4 days ago

NBA 2K22 MyCareer: How to Get a Shoe Deal

Crowdfunding2 days ago

Conister Bank Lends More to Time Finance

Oceania
Esports5 days ago

lol123 scrape by Rooster to claim final IEM Fall Oceania Closed Qualifier spot

Esports4 days ago

How to craft a weapon in Fortnite Chapter 2, season 8

Esports4 days ago

How to complete a Sideways Encounter in Fortnite

Aerospace4 days ago

Potential component defect to delay next Virgin Galactic flight

Esports4 days ago

Na’Vi win ESL Pro League Season 14 in five-map thriller against Vitality to complete $1 million Intel Grand Slam

Ukraine
Esports4 days ago

s1mple claims third consecutive MVP in EPL victory

Esports4 days ago

The best dunkers in NBA 2K22

Esports2 days ago

NBA 2K22 Lightning Green Animation: How to Claim

Aerospace4 days ago

Photos: SpaceX rocket arrives on launch pad for Inspiration4 mission

HRTech4 days ago

Amazon launches educational benefits for frontline staff

Esports4 days ago

AVE and Trasko emerge victorious from CIS IEM Fall open qualifier

Big Data4 days ago

China to break up Ant’s Alipay and force creation of separate loans app – FT

HRTech4 days ago

How Crompton is using the ‘Power of Language’ to create a high-engagement culture

Esports4 days ago

Imperial round out IEM Fall SA closed qualifier team list

Cleantech4 days ago

Bringing Solar & Tesla Batteries To Restaurants In New Orleans To “Stay Lit,” And How You Can Help

HRTech4 days ago

Competing with Self

Esports4 days ago

All Maps in Battlefield 2042

Cleantech4 days ago

Is A Tesla Model S Plaid Fully Submersible? (VIDEO)

Trending

Copyright © 2020 Plato Technologies Inc.