facebook media company

Before you head out to prep for a Christmas party or start the festive weekend early, check out today’s ecommerce round-up.

1. AWS led Amazon to a breakout 2016 on Wall Street

We got a brief taste of it in April this year in the company’s earnings report, which showed Amazon Web Services was clearly on a great clip and on its way to being a business that generates more than $10 billion on a regular basis.

 So, in short, it’s going to be a way that Wall Street is going to be looking for continuous growth from Amazon much in the same way it’s always looking for growth in its retail operations. We’re coming up on the holiday quarter, so we’re going to see what Core Amazon looks like in the face of a critical season.
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2. Zuckerberg finally admits that Facebook is a media company

“Facebook is a new kind of platform. It’s not a traditional technology company,” he said today, mirroring his exact words from last week when Facebook launched product updates and partnerships with outside fact-checkers to fight fake news. But then he went a step further, now saying “It’s not a traditional media company. You know, we build technology and we feel responsible for how it’s used.”

Read the rest of the story here.

 

3. Four big banks support Bank Indonesia’s National Payment Gateway

In order to support Bank Indonesia’s (BI) plan for an integrated payment system called National Payment Gateway (NPG), four banks inked an agreement on the interconnectivity of debit cards and electronic money on Wednesday.

Read the rest of the story here.

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