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In a highly unusual quarter, Amazon reports net sales of $88.9 billion, a 40% increase year-over-year. Online grocery sales tripled during the quarter.
Impacted by the COVID-19 pandemic, Spotify sees strong premium subscriber and revenue growth, but decreased advertising revenue.
Wrapping up its fiscal year 2020, Microsoft saw an increase in cloud usage and demand, as well as gaming, during the pandemic.
The Guardian announced that it will be cutting up to 180 jobs (70 editorial, 110 business positions) due to declining revenue resulting from the pandemic.
In its second quarter letter to shareholders, streaming video subscription service Netflix reported double-digit growth in total revenue and membership.
Hedge fund Chatham Asset Management wins the bid to buy the McClatchy Company in a deal estimated to be worth more than $300 million.
Twitter may be exploring a subscription platform if job postings are any indication. It isn’t clear how Twitter would use a subscription platform.
To be able to respond effectively to quickly changing market dynamics, finance teams need a strong technical foundation with built-in scalability, security, compliance, flexibility, and
Food delivery service DoorDash has raised $400 million in additional capital from new investors, bringing the company’s valuation to just under $16 billion.
Facebook expands fan subscriptions for gaming streamers, Wildgrain ships artisinal sourdough loaves, and eDreams adds hotels to subscription service.
