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  • Trending on the Ticker

  • Japanese media firm Nikkei acquires Singapore-based online publication Deal Street Asia (DSA); terms undisclosed, but TechCrunch puts the deal at $5M to $10M; DSA covers finance and business news across Asia - Link

  • PayPal plans to invest $500M in Uber, according to reports; the investment will be set at Uber's IPO price, and will occur shortly before it goes public; follows reports Uber is aiming for an IPO valuation of $90B - Link

  • AR firm Magic Leap raises $280M strategic investment from Japanese telco NTT DOCOMO; Magic Leap CEO Rony Abovitz says the company is in talks with other investors and that it plans to reopen its Series D; Magic Leap has raised more than $2.5B to date - Link

  • Amazon ($936B market cap) FQ1 beats: $59.7B revenue, up 16.9 percent year-on year ($59.7B expected); $7.09 EPS ($4.72 expected); $7.7B AWS revenue, up 41 percent year-on-year ($7.7B expected); the company predicts FQ2 profit of $2.6B to $3.6B ($4.2B expected) - Link

    Update: Amazon says it intends to introduce one day Prime deliveries; the company announced the plan during its earnings call where it noted the move will cost the company ~$800M during FQ2 - Link

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  • Apple reduced its AWS costs to $370M last year, according to a source for The Information; compares with 2017 when Apple spent $775M on AWS products; follows a report Apple has committed to spend $1.5B on Amazon's cloud services - Link