amazon Amazon Q2 2019 Earnings Reveal Slowing AWS Growth and Rising Ad Revenue Amazon reports $63.4 billion in Q2 2019 revenue, beating analyst estimates slightly while falling short on earnings per share. AWS growth dips below 40% for the first time, while the company's advertising and subscription services both surge 37%.
fedex FedEx Drops Amazon U.S. Express Contract Amid E-Commerce Boom FedEx ends its U.S. express delivery contract with Amazon, a move that impacts only domestic air services. Both companies continue to invest heavily in autonomous delivery technologies as package volumes surge.
amazon Amazon Builds Scout Delivery Robots Entirely In-House for Sidewalk Deliveries Amazon's new Scout sidewalk robots currently navigate Washington State neighborhoods with human assistants. The company designs and builds the entire robot in-house to maintain strict control over the technology.
antitrust US Regulators Launch Antitrust Probes Into Big Tech Giants US regulators and Congress are investigating whether Amazon, Apple, Google, and Facebook hold too much market power. Critics accuse the companies of using their massive platforms to unfairly favor their own products and crush competitors.
amazon Amazon Acquires Sizmek Ad Server to Bolster Advertising Business Amazon expands its growing advertising division by purchasing Sizmek's ad serving and dynamic content optimization assets. The acquisition positions Amazon as a stronger competitor against Google and Facebook in the digital ad market.
aurora Self-Driving Startup Aurora Acquires Lidar Firm Blackmore After Major Funding Round Following a $530 million Series B round, autonomous vehicle company Aurora acquires lidar startup Blackmore and simulation company 7D Labs to bolster its sensor and data capabilities.
amazon Amazon Alexa Experiences Global Outage Leaving Users Frustrated Amazon Alexa faces a widespread global outage that prevents users from interacting with the voice assistant. Amazon confirms the issue is resolved and the service operates normally again.
hotstar Disney's Hotstar Shatters Global Live Streaming Record with 18.6 Million Viewers Hotstar sets a new global benchmark for concurrent live viewership as 18.6 million users tune into the IPL cricket finals, easily surpassing its own previous record and major Western streaming events.
seattle Seattle Tech Ecosystem Shows Growth Despite Lingering Challenges Seattle's startup scene experiences a surge in activity with new funding rounds, yet it still struggles to match the entrepreneurial culture and capital access of Silicon Valley.
amazon Amazon Tests Scout Robots for Last-Mile Package Delivery Amazon is currently field-testing a small fleet of autonomous delivery robots called Scout in Washington state. Despite growing public interest, experts note that robotic delivery remains too technologically immature to replace human drivers anytime soon.
amazon Amazon Makes One-Day Shipping Standard, Raising Pressure on Retail Rivals Amazon is upgrading its Prime delivery to a one-day standard, investing $800 million to overhaul its infrastructure. The move immediately impacts competitor stocks and forces rivals like Walmart and Target to rethink their shipping strategies.
amazon Amazon Reports Strong First Quarter Earnings Despite Rising Costs Amazon releases its first quarter earnings report, showing significant revenue growth as the tech giant continues to expand its cloud and advertising businesses.
amazon Amazon Upgrades Prime Free Shipping Default From Two Days to One Amazon plans to replace its standard two-day Prime shipping with a one-day delivery option. The company invests $800 million in infrastructure to make this faster shipping a reality throughout 2019.
microsoft Microsoft Briefly Joins Trillion-Dollar Club After Strong Earnings Microsoft becomes the third U.S. company to briefly surpass a $1 trillion market cap following an impressive quarterly earnings report. The milestone serves as a major bragging right and highlights the company's massive growth over the past year.
faa FAA Grants First Airline Certification to Google's Wing Drone Delivery Service The Federal Aviation Administration officially certifies Alphabet's Wing Aviation to operate as a commercial airline, marking a first for the U.S. drone delivery industry. This approval allows the Google spinoff to begin delivering everyday packages directly to American homes.