The FT’s latest ebook is about Amazon and its voracious expansion from online book retailer into technological giant.
Is the company a force for good? Can it justify its current stock price? Why does Amazon compete with the companies it provides services to? Will Amazon agree to pay more tax in the UK as Starbucks just agreed to do?
Thanks to everyone who took part in the Q&A. If you have further questions, please post them to Twitter using #FTAmazon. Barney Jopson, the FT’s US retail correspondent, and Andrew Edgecliffe-Johnson, global media editor, will answer them here as soon as possible. Read more
After two quarters of declines, iPhone sales ticked up again in the latest period, to nearly 27m. Meanwhile, iPad sales dropped to 14m as rumours of a new iPad mini spread like wildfire. But for Wall Street, this was just the appetiser: the real banquet will be Apple’s current quarter, when iPhone sales are projected to jump to 50m and iPads to 22m. Speaking on the earnings call, Apple executives sounded optimistic about their ability to ship the new products in high volumes – though they warned that profit margins would suffer a temporary dent.
See below for our blow-by-blow take on the company’s latest earnings call. Read more
The hotly anticipated IPO of Workday could help to advance Morgan Stanley’s rehabilitation in the wake of the Facebook fiasco. But given the way other recent tech deals led by the bank have been structured, it is still too soon to pass a verdict on its performance – or to tell how much long-term damage the debacle surrounding the Facebook offering will do to its business in Silicon Valley. Read more
SkyDox, the online document sharing company, has bought its larger US rival Workshare and raised £20m from venture capital groups in order to create a stronger UK challenger in the market for online work collaboration.
Anthony Foy, chief executive of Brick Lane-based SkyDox, said the combination of the two companies, which creates an entity with annual revenues of around £20m, would allow them to better challenge rivals such as Box and Dropbox in a fast-growing market. Read more
Valuations in technology mergers and acquisitions nearly doubled last year and have continued to rise into 2012, even as dealmaking has waned in other areas this year, a study has found.
American Appraisal, a valuation advisory group, said that on average, the multiples of earnings before interest, tax, depreciation and amortisation that technology companies paid for acquisitions in 2011 leapt from 7.7x in 2010 to 14.1x in 2011, a trend it says has continued during 2012. Read more
Care.com, the website for finding nannies, pet sitters, and caretakers for the elderly, has raised $50m in late-stage venture capital funding, bringing the five-year old company’s total financing to $111m.
Sheila Lirio Marcelo, founder and chief executive, said she would use the money to support the Massachusetts-based company’s international expansion efforts. Read more