According to The Wall Street Journal, Amazon.com is testing a new way to offer same-day delivery to customers: yellow taxis. The test is taking place in San Francisco and Los Angeles. Amazon.com is working with taxi hailing service Flywheel. Flywheel loads up around 10 packages that are headed to a single zip code. Each package costs around $5 for delivery within an hour.
Posts By Amit Chowdhry
Apple Inc. (NASDAQ:AAPL) hosted an event today to announce several new products. Here is a breakdown of what happened at the event when it started at 1:00PM today.
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Zumigo announced that it has raised $6 million in Series B funding led by Intel Capital with participation from other investors like Aligned Partners. Zumigo is a startup that provides mobile device location and identity verification solutions.
There is a guy named Sam Sung that used to work for Apple. As you know, Samsung, the Korean mobile company, is Apple’s largest competitor. Sam Sung has not worked for an Apple Store in more than several years, but his old business card went viral on the Internet. He found another business card, his old Apple t-shirt, and a lanyard to sell for charity.
Google Inc (NASDAQ:GOOG) has released its Q2 2014 earnings report today. Revenue hit $16 billion, which is up 22% from the previous year. Google’s operating income was $4.26 billion (27% of revenues), which is up from $3.47 billion the year earlier. Net income was $3.42 billion and EPS was $4.99, up from $4.77. In the previous quarter, Google posted revenues of $15.4 billion and a profit of $4.12 billion. Google websites generated $10.94 billion of the total revenues, which is a 23% increase over Q2 2013. Partner websites generated $3.42 billion of revenues. The paid clicks for ads increased 25% year-over-year and cost-per-click was down around 6% in the same period.
Twitter Inc (NYSE:TWTR) has announced that it has acquired CardSpring, which will enable the social media company to enhance “in-the-moment commerce experiences.” CardSpring is an app platform that enables developers to build card-linked coupons, loyalty cards, and virtual currency that works with credit cards. Twitter will keep CardSpring open as a wholly owned subsidiary.