Amazon’s Blowout Quarter, Plus Opendoor Turns a Profit 8/4/23

Shares of Amazon are rocketing today, on pace for its best day since November after reporting a blowout second quarter and issuing upbeat guidance. It beat on the top line and notched its biggest bottom line beat since 2020, boosted by CEO Andy Jassy’s aggressive cost-cutting efforts. Shares of Opendoor though, headed the other direction – plummeting more than 20% on a steep revenue decline despite managing to turn a profit. We asked CEO Carrie Wheeler in her first broadcast interview since assuming the position about the quarter, the state of the iBuying business model in today’s market, and more.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.