Wednesday, August 5, 2020

Interview with Sonos CEO Patrick Spence, who says Amazon illegally prices its Echo speakers below cost and can do so by subsidizing from its "monopoly business" (Janko Roettgers/Protocol)

Janko Roettgers / Protocol:
Interview with Sonos CEO Patrick Spence, who says Amazon illegally prices its Echo speakers below cost and can do so by subsidizing from its “monopoly business”  —  Patrick Spence called Echo discounts “predatory pricing” and said his company was working on future Ikea products.



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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...