Amazon's (NASDAQ: AMZN) killer advantage is Amazon Web Services (AWS), which controlled 31% of the world's cloud infrastructure market in the second quarter of 2021, according to Canalys. AWS generated just 13% of Amazon's sales in the first half of 2021, but it raked in 50% of the company's operating profits. In other words, Amazon subsidizes the expansion of its lower-margin retail business with AWS' higher-margin cloud revenue.
Activision (NASDAQ: ATVI), Roblox (NYSE: RBLX), Sea Limited (NYSE: SE), and other companies with high-grossing mobile games saw intense positive stock price action on Friday afternoon. Today's video focuses on the recent ruling that states Apple (NASDAQ: AAPL) can no longer prohibit developers from providing links to external sites to bypass purchasing from Apple's in-app platform. At the moment, Apple takes a cut of in-app purchases.
This Southeast Asian e-commerce upstart is raising even more cash for its ambitious expansion plans.