April 30, 2021

Nears

Amazon’s ads business nears $7 billion a quarter, posts 77% growth

Amazon logo seen displayed on a smartphone.

Igor Golovniov | SOPA Images | LightRocket | Getty Images

Amazon’s ads business grew at an astonishing pace in the first quarter.

Amazon’s “Other” unit, which is primarily made up of advertising but also includes sales related to other service offerings, grew revenue 77% year over year to more than $6.9 billion, the company reported on Thursday. That’s almost seven times as much revenue as Twitter, which generates substantially all of its revenue through advertising and reported first-quarter earnings the same day.

That growth has sped up dramatically from the 44% year-over-year growth

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U.S. Readies Small-Business Grants as P.P.P. Nears End

The federal government is preparing to open two new industry-specific small-business relief programs, one of them months in the works, as its signature pandemic aid effort, the Paycheck Protection Program, nears its end.

The Small Business Administration said it hopes to start taking applications by the end of this week for a $16 billion grant fund for live-event businesses like theaters and music clubs. The program, the Shuttered Venue Operators Grant, was supposed to begin nearly two weeks ago, but its application system malfunctioned and collapsed, stymieing thousands of desperate businesses that have been waiting months for the promised

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Exclusive: Ingersoll Rand nears $1.7 billion deal to sell golf cart business to Platinum Equity – sources

(Reuters) – Pumps and compressors manufacturer Ingersoll Rand Inc is nearing a deal to sell its golf cart business to private equity firm Platinum Equity LLC for around $1.7 billion, people familiar with the matter said on Sunday.

The deal will separate Ingersoll Rand from a business it acquired in 1995. It is the latest in a series of divestitures that CEO Vicente Reynal has embarked on to pay down debt and streamline the company’s portfolio following the merger last year of Ingersoll Rand’s industrial business with Gardner Denver Holdings Inc.

A deal could be announced as early as Monday,

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Raspberry Pi: The pocket-money priced $4 Pico nears one million orders in just two months

Sales of Raspberry Pi’s latest product, the $4 Pi Pico microcontroller, are approaching one million, just two months after the product was released. 

Raspberry Pi Trading, the company behind the Raspberry Pi single board computer, launched its first microcontroller in late January. 

Raspberry Pi’s chief operating officer and hardware lead James Adams says the company, through its resellers, has almost sold one million units of the Pico since January 21. While the Picos are super cheap, it is a substantial number given that Raspberry Pi sold seven million of the more established Raspberry Pi single board computers in the

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House Nears Relief Bill Passage; Dems Mull Wage Hike Rescue | Business News

By ALAN FRAM, Associated Press

WASHINGTON (AP) — Democrats edged a $1.9 trillion pandemic relief package to the brink of House passage late Friday, even as party leaders sought to assure agitated progressives that they’d revive their derailed drive to boost the minimum wage.

A virtual party-line House vote was expected on the sweeping measure, which embodies President Joe Biden’s plan to flush cash to individuals, businesses, states and cities battered by COVID-19. Passage would send the measure to the Senate, where Democrats may try resuscitating their minimum wage push and fights could erupt over state aid and other issues.

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