Sales at Amazon’s cloud computing business grew 16% in the first quarter, the lowest year-over-year growth rate since it started breaking out that segment in 2015, as the company said the macroeconomic environment caused customers to spend “more cautiously.” Amazon Web Services revenue grew 20% and 27.5% year over year in the prior two quarters. AWS’s operating profit fell to $5.1 billion,...
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The Heir Who Wants to Be Mayor
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word “mensch.” Everyone who knows the San Francisco philanthropist and Levi’s heir says pretty much the same things about him: Daniel is “a really good guy”—affable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing...
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