Fri. 01/31 - Did Uber and DoorDash Almost Merge?
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 31 January 2020
⏱️ 21 minutes
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| 0:00.0 | Welcome to the Tech Mem Ride Home for Friday, January 31st, 2020. I'm Brian McCullough. |
| 0:08.8 | Today, Amazon earnings. The new Apple Maps are rolling out in the U.S. |
| 0:13.9 | Uber and DoorDash held merger talks at Soft Banks behest, |
| 0:17.8 | who's number two to Tik-Tok in short-form videos, |
| 0:20.8 | and of course the weekend long read suggestions. |
| 0:24.0 | Here's what you miss today in the world of tech. Final earnings Up of the Week, Amazon's Q4 came in at 87.4 billion in revenue, up 21% year over year. |
| 0:42.0 | Net income came in at 3.3 billion in revenue, but that was also up from 3 billion a year ago. |
| 0:49.8 | What really matters the most for the stock of course is that AWS revenue came in at |
| 0:53.9 | 9.9 billion dollars up from 7.4 billion a year ago. This news has buoyed Amazon stock |
| 1:01.1 | and by trading up about 9% this morning that means that Amazon's market |
| 1:05.1 | cap is back above the magic one trillion dollars mark. More details from |
| 1:10.6 | Amazon on the earnings call Jeff Bazel said Prime now has over 150 million |
| 1:15.4 | members worldwide up from the 100 million that the company reported 21 months ago |
| 1:20.0 | and Amazon's other revenue category, which mostly consists of its advertising business, came in at 4.87 billion dollars in revenue up 41% year over year. |
| 1:30.0 | That means Amazon's ad business is growing faster than Facebook is at the moment. |
| 1:35.0 | Oh, and subscription services revenue was 5.24 billion dollars up 32% year over year, |
| 1:42.0 | so don't forget Amazon's in that game too. |
| 1:45.0 | One interesting detail here from the Wall Street Journal. |
| 1:47.0 | Amazon's margins actually remained healthy despite all that Ballyhoot investment in one day shipping and the like. |
| 1:55.0 | There was investor concern that one day shipping would be a drag to margins, |
| 1:59.0 | so the fact that they have been able to offer one day shipping and also at the same time drives some |
| 2:04.4 | efficiency has to please investors Raymond James analyst Aaron Kessler said |
... |
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