A roundup of today’s big stories in hyperlocal publishing, marketing, commerce, and technology…
Amazon Beats Expectations with $857 Million in Profits Driven by AWS, Prime (VentureBeat)
In the first quarter of 2016 Amazon posted its highest profit ever — $513 million. That has now been exceeded by this quarter, which is an 831 percent annual increase. It attributed its performance to the success of its Prime offering, as well as Amazon Web Services, which contributed $2.88 billion in revenue this quarter.
America’s Meal-Kit Craze Attracts a Big New Competitor (Quartz)
The snootiest grocery store in the US is about to make a charge into people homes—with meal kits. Whole Foods Market is testing a service that would capitalize on one of the newest crazes in food retailing and put the company in direct competition with offerings from the likes of Blue Apron, HelloFresh, and even The New York Times.
Openings and New Hires at Zenreach, Rocketspace, TruMeasure (Street Fight)
Every two weeks, Geoff Michener covers some of the latest job changes taking place in this dynamic industry. This week’s edition includes moves and new openings at SweetIQ, AdviceLocal, and more.
GrubHub Announces More Investments Following Strong Q2 (TechCrunch)
Co-founder and CEO Matt Maloney said that the company did so well during the quarter because of investments in product improvement and, specifically, in the ratings and reviews of restaurants. As GrubHub looks to augment those investments, it faces challenges from startups like DoorDash and Postmates.
Google Profits Surge on Strong Ad Demand (Wall Street Journal)
Google parent Alphabet Inc. said quarterly profit soared 24%, the second internet giant in two days to report blockbuster earnings driven by consumers’ rapid shift to mobile devices. (Subscription required.) Recode: Google Showed Growth Where It Needed To: Its Non-Ad Business.
Raise Report: New Funding for Kiip, Sprinklr, Shipt (Street Fight)
Every two weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech. This week’s edition includes funding for Civil Maps, Brandcast, Peek.com, and Density.
For Uber, Food Delivery Isn’t Coming Cheap (Business Insider)
Sam Shead: Mistakes don’t come cheap for Uber. Every time UberEATS makes a late delivery it gives the customer £20 off their next transaction. That can add up to be a significant amount when hundreds of customers experience multiple late deliveries.
For This Retailer, Snapchat Doubles as TV Advertising and Customer Service Channel (Digiday)
Kit and Ace believes that young people are using Snapchat the way the rest of us do television. So the luxury retailer has been building its following organically on the platform through original TV-style episodes.
Digital Advertising 2.0 Has Arrived, The New York Times Finds (Poynter)
President and CEO Mark Thompson said that in recent months “traditional display” like banners have accounted for less than half of digital ad revenue. Audience and advertisers are moving quickly to smartphone mobile and with different kinds of campaigns.
LMBA Podcast: Snapchat, Life 360, McDonald’s, Google Nearby (Street Fight)
Welcome to This Week in Location Based Marketing, a weekly video podcast from the Location Based Marketing Association with Asif Khan and Aubriana Lopez. On the show: Uber + Digital Globe, Placed, Samsung LANdry, Snorelax Alarm Clock, Vivid VR Cinema.