With sales up 43 percent and earnings per share nearly tripling analyst estimates, Amazon.com released quarterly results today that sent its stock soaring after hours.
In addition, the company announced a 20% price increase in its annual Amazon Prime fee, from $99 to $119, beginning May 11.
Why it matters: Amazon spent years plowing profits back into its business, telling investors it was strictly a long-term play. That long term may finally have arrived.
Illustration: Sarah Grillo/Axios
A growing number of mayors are banding together to fight what they consider to be an inaccurate and abruptly curtailed 2020 census, using an arsenal of legal, legislative and congressional efforts.
Why it matters: The outcome may determine whether President Trump or Joe Biden controls the redistricting process, which governs everything from congressional representation and redistricting to funding for schools and Head Start.
Illustration: Aïda Amer/Axios
Illustration: Aïda Amer/Axios
The Facebook Oversight Board announced Thursday that some Facebook and Instagram users can now submit appeals to the Oversight Board for an independent review of their own content removals.
Why it matters: The board, a first-of-its-kind internet governance body, will begin hearing cases from users ahead of the U.S. election.