people computer processors to benefit a few people on computer processors to benefit a few people on wall street. it s not worth people on wall street. it s not worth it people on wall street. it s not worth it. ., . ., , people on wall street. it s not worth it. ., ., worth it. politicians around the world are worth it. politicians around the world are still worth it. politicians around the world are still trying worth it. politicians around the world are still trying to - worth it. politicians around the world are still trying to work. worth it. politicians around the l world are still trying to work out how to deal with bitcoin s greedy energy consumption. companies like greenwich think they are the future. but plenty of others think that reopening plants like this is a step in the wrong direction. james clayton, bbc news. more ups and downs for chinese ride hailing company didi in thursday s trading in new york. it ended up closing more than 10% up, but it had soared w
but not only did amazon miss investor expectations for revenue in the last three months of this year, what the company is expecting for the next three months is also lower. the revenue was still up 27%. this is the third consecutive quarter in which the company made $100 billion in revenue. but it was still disappointing to wall street. now another thorn in amazon s side is the continuing investigation by regulators in the us, who are looking at the selling practices of its own branded goods and its recent acquisition of the storied hollywood studio mgm studios. samira hussain in new york for us there. i ve been speaking to frank kochenash, a former amazon executive who now works for wunderman thompson commerce in seattle, which advises companies on e commerce. earlier i asked him whether amazon
welcome. we start with amazon. the e commerce giant has been one of the business world s biggest winners during the pandemic, as people around the world were forced to shop online. but is that boom coming to an end? amazon made sales of a vast £113 billion in the three months tojune. but that was less than wall street was expecting. and it s warned of a further slowdown in the coming months. samira hussain reports from new york. amazon is the online shopping type. but what happens when consumers who have spent most of the past year and a half stuck inside are finally allowed to go out shopping in actual physical stores? well, they do it. that was certainly reflected in amazon s quarterly earnings report. the company had a blockbuster year in 2020, as the pandemic forced many to shop online.
two to q1. revenues on the other category, which is largely advertising, was up 83% year on year. these other revenue streams amazon has developed are now either continuing or rebounding in terms of revenue acceleration. that was former amazon executive frank kochenash on the company s rising profits. let s stay in the us, because wall street shares touched new record highs in thursday s session, after economic data showed the world s biggest economy has now recovered to pre pandemic levels. us gdp growth hit an annual rate of 6.5% in the three months tojune slower than economists were expecting. but that has helped reassure investors that the federal reserve won t be in a rush to remove stimulus measures. craig erlam is a senior market analyst at foreign exchange
considering going private or delisting. in part this was about placating the chinese authority. but it also said, according to this article, it is about trying to compensate investor losses. as a result, that 40% of shares where surge in shares on market trading. they came out and strongly denied it. we saw these gains are raised. in the end ending the day at about 11%. this is about 30% off the listing price from last month. of course, you will remember it was one of the biggest listings we have seen from china really sends alibaba back in 2014. it made about $4.4 billion. just in the days after we heard the chinese authorities were investigating the company and they couldn t register as a result or sell themselves on the chinese app store. as a result we have seen didi adds that roller coaster and that is continuing. stay with us on bbc news. still to come. tough times for the childcare business. but could it mean more men taking up the vocation?