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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 90
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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 96
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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 105
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GeekWire Podcast: Microsoft’s big bet on the AI economy, and the risks on the road ahead

GeekWire

(GeekWire File Photo / Todd Bishop) This week on the GeekWire Podcast: Microsoft staked its financial claim in the AI gold rush this week, announcing pricing for its upcoming Microsoft 365 Copilot technology : a whopping $30/user per month on top of its existing license fees. Wall Street loved it.

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Innovative Approaches to Revenue Diversification: A CEO’s Playbook

Kitaboo

In this CEO’s playbook, we delve into innovative approaches, exploring how diversifying revenue streams isn’t just a safety net but a catalyst for financial sustainability. This stability ensures the company’s financial sustainability , enabling it to weather tough times without compromising its core functions.

eBook 78
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Inside Nasdaq’s AI-fueled pivot to SaaS provider

CIO Business Intelligence

It is already at work in our business — preventing market interruptions, creating new kinds of intelligence for investors, and stopping financial criminals in their tracks,” Peterson says. The company, which reported net revenues of $3.6 The company, which reported net revenues of $3.6

Financial 115
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Senators ask regulators to investigate bank and crypto ties, citing Washington state bank

GeekWire

By acquiring Farmington, Moonstone received a banking charter , a business license required for U.S. financial institutions handling deposits and offering other bank-like services. Its net worth was $5.7 Moonstone Bank, formerly known as Farmington State Bank, was acquired in 2020 by FBH. according to its LinkedIn page.

Banking 96