72.4 F
New York
Tuesday, July 7, 2020
According to one analyst at Needham, Amazon’s media division is worth around $500 billion in assets. The analyst, Laura Martin, says those assets are worth nearly as much as Amazon’s cloud-computing division. The assets include Prime Video, Twitch, and Prime Music, among others,...
Amazon has alerted its sellers that it plans to host a summer sale, beginning June 22. The sale is expected to help boost sales for sellers who had to deal with delivery delays due to priority shipments at the onset of the coronavirus pandemic. The retailer is...
During the first quarter of 2020, Zoom saw significant growth and has since doubled its revenue guidance for the remainder of the fiscal year. This week, Zoom reported a revenue growth of 169 percent on its year-to-year first-quarter earnings. The fiscal quarter ended on April 30.
Wells Fargo says it plans to halt independent auto dealership loans. A spokeswoman for Wells Fargo confirmed that in May, the San Francisco-based lender sent hundreds of dealerships letters notifying them that they would no longer loan them money. At that point, Wells Fargo only loaned money...
A Series A round investment initiative spearheaded by Andreessen Horowitz has led to a $14 million funding round for Deel, a San Francisco-based remote worker payroll platform. Anish Acharya, a general partner for Andreessen Horowitz, will join Deel’s board of directors. Unlike traditional venture...
The nation’s second-largest home improvement and hardware chain is giving $25 million in grant money to help minority businesses in the U.S. reopen the economy. The Moorseville, North Carolina-based company wants to assist small businesses in obtaining masks, PPE, and other supplies it needs to protect its...
Like a growing number of businesses during the pandemic, Pier 1 is filing bankruptcy and plans to shut down all of its stores. Recently, the Fort Worth, Texas-based home furnishings retailer tried to find a buyer for its chain of stores but was unable to.
It’s only been a few weeks since Microsoft announced that it made a deal to acquire Affirmed Networks, a 5G networking solutions firm. Now, Microsoft plans to acquire Metaswitch Networks, a U.K.-based software solutions company. Microsoft is acquiring the companies to strengthen its foothold in the 5G...
This past Wednesday, Amazon announced that it would be launching two Fire HD tablets. The updated Fire tablets will be equipped with faster processors, additional storage space, and other improvements. Amazon plans to launch the tablets on June 3. Pricing for the new models will start at $89.99.
On Wednesday, Cisco shares were up by more than four percent but lost some of its gains later in the day. The Silicon Valley tech giant reported more positive fiscal third-quarter earnings than was anticipated, but revenue still fell by eight percent compared to a year-to-year quarter....