Amazon cut hundreds of jobs this week, but the company is still increasing its workforce overall, and market value continues to rise — in fact, it became the third most valuable company in the U.S. this week with a market capitalization of more than $700 billion. So why the cuts?
GeekWire’s Todd Bishop and John Cook share their theories on the latest Week in Geek Podcast. Plus, bike sharing company LimeBike introduced electric-assisted bikes to the Seattle streets — we hear first-hand from GeekWire reporter Monica Nickelsburg about the ride experience and the program’s goals.
This week’s stories: