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Amazon ruled the tech news cycle this week. Its earnings sent the stock up 17 percent on Thursday, riding largely on the backs of widening profits for its cloud business. Per usual, Re/code’s reporters offered a dose of realism to temper the Street’s enthusiasm.
On Friday, Jason Del Rey joined a panel on the e-commerce giant during CNBC’s “Squawk Alley.” He dismissed the idea that Amazon will spin off its cloud service into a separate business, but noted that traditional retailers should be very nervous about Amazon’s growth.
Kara Swisher, on CNBC the same day, had an even blunter message to the finance types waiting for more Amazon windfalls: “They’re kind of screwing with you all.”
Speaking of Amazon, our commerce expert Del Rey chimed in on the launch of its newest competitor, Jet.com, on NBC Nightly News.
Apple also reported earnings this week. And despite solid numbers, its stock fell. Dawn Chmielewski visited CNBC before the report to talk about the hype around iPhone and Watch sales numbers.
In other news this week, Ashley Madison, the website catering to philanderers seeking discreet affairs (which had an astounding 37 million accounts), was hacked. Arik Hesseldahl went on CNN to make sense of the cyber-security mess.
This article originally appeared on Recode.net.
