Browsing: Andy

Pie, the social app from Bonobos’ founder Andy Dunn, is taking its mission to connect people in real life one step further. On Tuesday, the startup launched a new communities feature that allows people to establish more permanent homes for their social groups on its app, offering an alternative to group texts, Facebook Groups, and…

Amazon CEO Andy Jassy used this year’s annual shareholder letter to make a forceful case for the company’s expensive artificial intelligence investments. But one major part of Amazon’s business was largely absent: the millions of sellers who power its marketplace.

Amazon’s (NASDAQ: AMZN) second-quarter earnings had investors on edge, fixated above all else on the company’s capital expenditure (capex) outlook. This figure came in at roughly $220 billion for the full year, a meaningful increase from the previously stated $200 billion. According to management, higher memory costs are driving the surge.