VinsonFetty

Amazon released its first quarter earnings today, and while the ecommerce giant increased sales by 38%, its income decreased by 33%, thanks to a massive wave of hiring and a 42% increase in operating expenses.

Business is booming for Amazon. The company garnered $9.86 billion in net sales in Q1 2011, up from $7.13 billion in Q1 2010 and more than the $9.53 billion Wall Street expected. That wasn’t the only thing that rose in Amazon’s earnings, though. In Q1 2011, Amazon’s expenses totaled $9.54 billion, up from $6.74 billion a year ago. (more…)

Instead of seeking another round of financing, Yelp is considering an IPO.

After announcing in 2010 that Yelp would not likely go public for several years, CEO Jeremy Stoppelman told the Wall Street Journal on Tuesday that the company had put an IPO back on the table. (more…)