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Amazon's $85 Billion Mistake ๐ซฃ๐ซฃ๐ซฃ๐๐ In 2013, a finance guy named Andy Jassy launched a side project inside Amazon. It was called AWS, just a tool for developers to host apps in the cloud. Most people at Amazon thought it would fail. Today, AWS makes $85 Billion a year and funds most of Amazonโs profit. The lesson? Sometimes the smartest bets come from the least expected places.
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Breaking News: Amazon Commits $4 Billion to AI Startup Anthropic November 24, 2024 โ Amazon has announced an additional $4 billion investment in Anthropic, the artificial intelligence startup known for its Claude chatbot. This strategic move doubles
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Amazon's Profit Playbook We all love Amazon's deals, but how do they make money beyond discounts? 1. Matchmaker Fees: Amazon isn't a giant store - they connect brands with you, like a shopping mall. For each sale, they take a commission, fee for
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๐ฃNvidia shares dropped by 7%, losing $200 billion in value despite the company's revenue doubling and a strong earnings report. ๐๐ Shares of Broadcom and Advanced Micro Devices fell by about 2%, while Microsoft and Amazon saw a 1% decline. ๐๐
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How is Jeff Bezos So Rich with Only 9% of Amazon? Jeff Bezos's net worth is substantial even though he owns only about 9% of Amazon because of several key reasons: 1. Amazon's Market Capitalization: For instance, if Amazon's market cap is $1.5 tril
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In 2001, Amazon was imploding. $1.4 Billion lost. 1,300 fired. Weeks from bankruptcy. Then Bezos made a controversial move Wall Street called "business suic*de." Here's how that ONE decision sparked a $2 TRILLION comeback: Imagine losing $1 milli
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Amazon isnโt just a storeโitโs a masterclass in addictive design. Jeff Bezos engineered a seamless shopping experience that makes 'Add to Cart' feel irresistible. Hereโs the genius behind the worldโs most effective UX design: Amazonโs journey to s
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Google in Talks to Acquire Cybersecurity Startup Wiz for $30 Billion Google (Alphabet) is reportedly in advanced discussions to acquire Wiz, a cybersecurity startup, for a whopping $30 billionโpotentially making it Googleโs largest acquisition ever.
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๐ Exciting News from Amazon! ๐Amazon is set to revolutionize its Alexa voice assistant by integrating Anthropic's Claude AI, bringing a whole new level of intelligence and interactivity to our daily lives! ๐ค๐กThis strategic move, following Amazon'
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