ALEXA IS IN MILLIONS OF HOUSEHOLDS—AND AMAZON IS LOSING BILLIONS

Summary from the TLDR newsletter

While hundreds of millions of customers own Alexa-enabled devices, Amazon's bet that people would spend meaningful amounts of money to buy goods on its platform by talking to the voice assistant hasn't paid off. Customers mostly use Alexa to set alarms and check the weather. Amazon has lost tens of billions of dollars on its devices business. The company will launch a paid tier for Alexa as soon as this month as part of the plan to reverse these losses.