After reaching $40B in revenue in record time, Amazon Web Services hints at its own reinvention

Amazon Web Services CEO Andy Jassy with a chart showing AWS revenue growth at the company’s virtual re:Invent conference this week. (Screenshot via webcast)

Kicking off the annual Amazon Web Services re:Invent conference this week, AWS CEO Andy Jassy pointed to a major milestone for the tech giant’s cloud division: AWS has officially surpassed $40 billion in annual revenue, and not at a leisurely pace. AWS added an incremental $10 billion in revenue in 12 months, faster than ever.

Jassy showed stats that put AWS’s share of the cloud infrastructure market at 45%, more than double its closest competitor, Microsoft Azure. But he sought to assure the virtual audience that AWS is not even close to its zenith, citing the 96% of the estimated $3.6 trillion in global IT spending that has yet to shift to the cloud.

“It means that there’s a lot of growth ahead of us,” he

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Biden advisor Bruce Reed hints that Section 230 needs reform

U.S. Vice President Joseph Biden arrives for a meeting with his Chief of Staff Bruce Reed (L) June 22, 2011 on Capitol Hill in Washington, DC.

Win McNamee | Getty Images

A law protecting the tech industry from being held liable for their users’ posts is on shaky ground as President-elect Joe Biden prepares to come into office.

Bruce Reed, a top tech advisor to Biden, said at a virtual book launch hosted by Georgetown Law Wednesday that “it’s long past time to hold the social media companies accountable for what’s published on their platforms.”

Reed, who was chief of staff to Biden during his time as vice president, has advocated for tech reform in his years outside government. He worked as a senior advisor for Jim Steyer’s non-profit Common Sense Media, which advocates for digital media issues impacting children, including content moderation reforms.

Common Sense Media has pushed for

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DoorDash files for IPO and hints at driverless future

Food delivery platform DoorDash filed its widely anticipated IPO with the Securities and Exchange Commission on Friday, and plans to take the company public early next month. The company’s revenue soared in 2020 and it briefly showed a profit, as restaurants closed to in-person dining due to the pandemic, and relied on delivery services.

DoorDash had a net loss of $149 million over the nine months that ended September 30th, compared to a net loss of $533 million for the same period in 2019. During the first nine months of 2020, the company reported $1.9 billion in revenue, up from $587 million a year earlier. The company has more than 18 million customers. more than 390,000 merchants, and about 1 million delivery workers, who it refers to as “Dashers.”

For the quarter that ended June 30th, however, the company had a profit of $23 million on revenue of $675 million.

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