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Jeff Bezos publishes final annual letter to shareholders


Bezos believes his successor has what it takes to keep alive in us what makes us special
on April 15, 2021, 10:37
What just happened? Amazon CEO Jeff Bezos has published what will ultimately be his final annual letter to shareholders before passing the baton to Andy Jassy later this year. In it, he touches on a variety of topics including Prime, employee work conditions, climate change and more.
Bezos said Amazon now has more than 200 million Prime members worldwide. Perhaps more impressive is the fact that Amazon now directly employs 1.3 million people around the world and has more than 1.9 million small and medium-sized businesses selling on its platform. ....

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Uber isn't done: Gross bookings in March hit a 12-year high


Uber Technologies is on the rebound
on April 12, 2021, 13:14
Why it matters: Like much of the world, Uber’s ride-hailing service came to a screeching halt in early 2020 as the pandemic ramped up. Share value plummeted but Uber CEO Dara Khosrowshahi never lost focus, noting at the time that in any crisis, liquidity is key. The company successfully pivoted to stay afloat, and now that we are seemingly on the cusp of a return to normalcy, Uber is ready to go.
The ride-hailing service in a recent filing with the Securities and Exchange Commission said total gross bookings in March 2021 reached the highest monthly level in the company’s history. The mobility division, which includes the ride-hailing business, posted its best month since March 2020, while its delivery business set another all-time record with growth of more than 150 percent year-over-year. ....

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