Amazon Web Services reported its biggest increase in quarterly revenue growth in three years, as sales grew 32% to $13.5 billion in its March quarter compared to last year, up from 28% last quarter. It’s not clear exactly what drove the sales increase, but it may stem from AWS CEO Andy Jassy’s decision to double the size of the unit’s sales force in 2020, as we reported last March. That plan...
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Silicon Valley’s Realtors, Like Its Bankers, Are Having a Tough Month
In early March, Ken DeLeon, founder of DeLeon Realty, a Silicon Valley–based brokerage that sold more than $1 billion in homes in 2021, called one of his venture capitalist clients to discuss the purchase of a $20 million–plus megamansion. The client was flip-flopping between a cash offer and a loan. “First Republic Bank has a 10-year loan at 4.65%,” DeLeon informed...
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