Tech Brew Ride Home Fri. 04/26 - Prime Delivery Changes
Apr 26, 2019
Amazon aims for all Prime deliveries to transition to one-day shipping. Slack files for IPO, revealing substantial revenues alongside notable losses. Uber sets its IPO price range, eyeing an $84 billion valuation. The former lead designer of Gmail tackles the email clutter issue, offering a fresh solution. The discussion also covers the regulatory scrutiny surrounding Facebook, and the implications of rapid tech shifts. Weekend recommended reads dive into the intense work culture at Epic Games and unique entrepreneurial stories.
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Amazon's Q1 Performance
- Amazon's Q1 revenue grew by 17%, reaching $59.7 billion, but its online store revenue growth slowed.
- AWS, now 13% of total sales and 50% of operating income, continues its strong growth at 41%.
Amazon's One-Day Shipping
- Amazon is prioritizing one-day Prime shipping, investing $800 million in Q2 to achieve this.
- This move aims to maintain competitive advantage as two-day shipping becomes standard.
One-Day Shipping Experience
- Brian McCullough shares his experience of receiving Amazon deliveries in one day.
- The speed and efficiency of this delivery feels 'magical' to him.
