By: Michael A. KostasOriginally published on March 13, 2018 10:17:03At the time of writing, pennswEDs classifieds have received over 7.5 million hits.
This is a big year for pennswEARS, who recently raised $150 million from investors including Goldman Sachs, Google, Amazon, Qualcomm, and Yahoo.
The news comes after Amazon revealed a deal with AOL to buy up to 50% of the company’s stock for $3.2 billion in 2019.
The new acquisition could bring Amazon closer to achieving its ambitious goal of becoming a $10 billion-a-year internet-service provider by the end of 2020.
At the same time, the company has faced fierce competition from rivals like Alibaba and SnapChat, which have been growing rapidly over the last several years.
The two companies are also investing billions in acquisitions, including a $1 billion deal to buy Skype.AOL announced a $25 billion investment in Facebook last week, while Facebook also announced that it has completed a $100 billion purchase of WhatsApp.