This week on the GeekWire Podcast: Amazon’s latest results demonstrated its extraordinary flexibility and ability to overcome challenges in the broader economy using the built-in safeguards in its business, most notably the Amazon Web Services cash machine. Amazon spent an extra $4 billion to keep its business running smoothly despite a clogged economy.
Plus, Microsoft hires an Amazon veteran to take on “one of the greatest challenges of our time,” and Seattle startup Cloud Paper raises $5 million in new funding for its environmentally friendly, tree-free toilet paper.
Listen above, or subscribe in any podcast app, and see links to related stories below.
Amazon profits nearly double to $14.3B, boosted by Rivian stake, as company hikes Prime fees
- Amazon adds the equivalent of one AT&T or two Fords in market value.
- Prime membership cost going up $20 to $139 per year.
- Company would have posted $1.B operating loss in Q4 if not for AWS.
- Amazon and Starbucks to open two additional ‘Pickup and Go’ stores.
Flush with cash: Bezos and big-name celebs get behind tree-free toilet paper startup with $5M
Edited by Curt Milton; theme music by Daniel L.K. Caldwell