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Amazon’s online store sales dip below 40% of net sales for first time, and other earnings notes

GeekWire

The chart below is what Amazon’s net sales look like in raw numbers over the past several years, broken down into the major business segments reported by the Seattle-based company. Here are the same results, expressed as a percentage of net sales. Amazon is undergoing a steady transformation under CEO Andy Jassy. billion.]

.Net 97
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Futurist conversations: Ross Dawson and Gerd Leonhard on Open vs Closed Systems

Trends in the Living Networks

Google’s early move to expose APIs to many of its products provided the impetus for this to become standard practice across the net. * In music, for example, without open rights licensing platforms the system will crash, however financial systems need substantially closed systems.

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Moonstone Bank, the Washington state bank with ties to FTX, will wind down crypto operations

GeekWire

The move is a sudden pivot from the company’s original ambitions to turn the centuries-old Farmington State Bank, a tiny lender near the Washington-Idaho border, into a tech-focused financial company. By acquiring Farmington, Moonstone received a banking charter , a business license required for U.S. Its net worth was $5.7

Banking 115
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Funko getting into NFTs by combining physical and digital pop culture products and acquiring key app

GeekWire

Financial terms of the deal were not disclosed. figurines, for which Funko holds licenses to create characters across a wide range of properties from television, movies, sports, music, comics, video games and more. Net sales jumped 6% year over year to $226.5 NFTs are are a hot commodity and the talk of the tech world.

Sports 139
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Oracle touts AI as major driver of Q3 gains

CIO Business Intelligence

Oracle’s latest financial report boasts substantial increases in revenue, net income, and earnings per share, largely thanks to cloud sales, which the company was quick to credit to the rise of AI. billion.

Oracle 98
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Cloud, SaaS boost Oracle sales, but competition exacts costs

CIO Business Intelligence

In the financial services sector, Oracle signed TD Bank, Silicon Valley Bank, Societe Generale in France, and the company expects to close a deal with BNP Paribas soon, Ellison said, according to a transcript from Seeking Alpha. While overall revenue including services and license support rose 4% year over year to reach $10.5

Oracle 105
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Fountainhead: My IT is Ready. My People Are Not.

Fountainhead

New areas of required expertise include things like product management and development, communications, marketing, negotiation and influence skills, and financial acumen. New Finance roles : Implementing IT cost transparency doesn’t just require financial data, though that is what most people think about when they hear the term.