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Amazon's Biggest Profit Driver This Quarter Wasn't Amazon

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Aug 10, 2026

Amazon's Biggest Profit Driver This Quarter Wasn't Amazon

Four companies reported. The two biggest bottom lines were mostly not the business., and, Peloton announces first annual net profit. Peloton announced its first annual net profit

Rick Watson

Shopify Needs a Wallet Before Somebody Else Builds One

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Aug 7, 2026

Shopify Needs a Wallet Before Somebody Else Builds One

Shopify is 78% payments now. The software is just how it gets you there. The only question left is whether it controls the wallet before someone else does, and Malachyte raises funding, Airtable acquired and more

Rick Watson

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Aug 6, 2026

AS Colour Built a Wholesale Site That Looks Like DTC — Here's How

Behind the scenes: BigCommerce powering two distinct buying experiences, and Avalara automating tax compliance across wholesale and international markets. In front: 45% US revenue growth

Rick Watson

88% Have Deployed AI. 6% Can Prove It Worked

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Aug 5, 2026

88% Have Deployed AI. 6% Can Prove It Worked

Eleven percent of consumers think they bought something inside an AI app. They didn't. The more uncomfortable number is the one Holden Bale saved for the end. Linda's Stuff and Thorne acquired, and more

Rick Watson

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Aug 4, 2026

Wayfair Grew 7.5% and Still Lost Money

Wayfair grew 7.5% and its net loss was $1M — but the operating income story is more interesting than either number. And Apple files motions vs OpenAI

Rick Watson

H&M's Resale Business Is 0.8% of Revenue. So Why Is Everyone Still Talking About It?

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Aug 3, 2026

H&M's Resale Business Is 0.8% of Revenue. So Why Is Everyone Still Talking About It?

Nobody running a resale program has said whether 0.8% of revenue is proof it's working or proof it isn't. That ambiguity is doing useful work for them. Amazon completes investment in OpenAI

Rick Watson

Jul 31, 2026

Amazon's $62.6B Profit Quarter Was Mostly Accounting

Amazon's $62.6B in net income is mostly an accounting event — $53.4B of it came from the Anthropic stake, not the business. And.. Quince claims $2B in revenue, and more

Rick Watson

Jul 29, 2026

Most Companies Don't Have a Brand. They Have a Product People Like

The ad ops job disappeared when the platform accumulated enough signal to make the call better than the analyst. Eric Miao thinks CRM is next, And.. ESW announces AI partnership, Yelp partners with ChatGPT, and more

Rick Watson