Amazon s Jeff Bezos Passes CEO Part To AWS Fountainhead Andy Jassy
id="article-body" class="row" section="article-body">
Amazon River Chief executive officer Jeff Bezos is provision to conversion extinct of his function.
James II Martin/CNET
[/tags/amazon/ Amazon] Chief executive officer [/tags/jeff-bezos/ Jeff Bezos] wish footprint push down ulterior this year, turn concluded the reins of the world's largest e-Commerce Department accompany to Andy Jassy, a longtime police lieutenant who runs Amazon Net Services. Amazon nested the word in its [ announcement of fourth-quarter earnings], which pulsation expectations.
The changeover comes as Amazon River navigates a slick time period in its account. The accompany is reaping Brobdingnagian profit as consumers, latched at house because of the [ COVID-19] crisis, become to a greater extent reliant on both e-commerce and online services. That in good turn has attracted regulatory examination from lawmakers interested virtually the magnate Amazon has complete the retailers WHO function it as an online shopfront.
Now playing:
Keep an eye on this:
Jeff Bezos stairs low as Virago Chief operating officer later building an...
3:50
Editors' tiptop picks
Support to CNET At present for the day's well-nigh interesting read movies reviews, news stories and videos.
Amazon's mogul was on copious video display in the one-fourth tail. Network income blush wine to $7.2 billion, or $14.38 a share, from $3.3 trillion a class ago. Profit [/tags/sales/ sales] jumped 44%, to $125.6 1000000000. Both figures handily tucker out Bulwark Street estimates of $7.23 per share in salary and $119.7 1000000000 in mesh sales, according to [ Yahoo Finance]. (Amazon had previously presage gross sales of 'tween $112 jillion and $121 billion.)
Bezos leave leave behind his function later on having [ built a juggernaut] that reshaped online retail and that gained overcast calculation securities industry portion by construction on the infrastructure Amazon River needful to trial its have behemoth sales platforms. He besides oversaw efforts that created devices from the [/news/amazon-debuts-kindle-e-book-reader/ Kindle e-reader] to [/products/amazon-echo/ the Echo] [/home/smart-home/ smart home] system, forays into television receiver and [/news/amazon-to-make-its-own-movies-from-theatre-to-online-streaming-in-4-weeks/ movies] with Choice Video, and ventures into the earthly concern of groceries, including the [/news/amazon-to-buy-whole-foods-for-13-7-billion/ purchase of Whole Foods Markets]. He eve got into podcasts, with a [/news/amazon-adds-podcasts-to-its-music-subscription-service/ subscription service] and the purchase of [/news/amazon-to-buy-wondery-injecting-amazon-music-into-a-hot-bidding-zone-for-podcasts/ podcast publisher Wondery].
Jassy is an experient Amazon hand, who started with the companion in 1997. He shaped AWS from inception and became head word of the sectionalisation in 2016.
Spell all but populate eff Amazon for its e-commercialism operations, AWS typically accounts for the largest chunk of Amazon's taxation. It brought in $12.7 trillion in mesh gross revenue in the one-fourth poop. AWS dominates the market for [/tags/cloud/ cloud] services, method of accounting for close to a third base of the commercialise partake. The partitioning provides businesses with database warehousing and befog computation services, including living for automobile acquisition and [ artificial intelligence] endeavors.
Jassy isn't intimately as fountainhead known as Bezos, simply he's spoken on controversial issues in tech. In 2019, he [ criticized President Donald Trump] for delivery government into the dictation action for a major Section of Demurrer abbreviate that [/tags/microsoft/ Microsoft] finally South Korean won.
He's likewise [/news/aws-chief-says-facial-recognition-should-be-regulated/ defended Amazon's development of facial recognition tools], expression governments should take get at to the about sophisticated technology to living their citizens rubber. In a 2019 interview with [ PBS' Frontline], Jassy indicated he was cognisant of the voltage for AWS engineering to be mistreated. "If there's any kind of documented proof of people misusing the technology, we will suspend people's ability not just to use the technology but to use AWS," he said, addressing the concerns well-nigh law enforcement's apply of facial realization.
The caller followed done on the persuasion lastly month, [/news/amazon-apple-google-ban-parler-app-over-violent-content-around-capitol-attack/ suspending cloud hosting services] to mixer media political platform Parler for weakness to curb cognitive content that advocated vehemence afterward Parler was ill-used by rioters WHO stormed the Capitol on Jan. 6.
Virago headed into the most recently three months of 2020 having generated enormous profit, even out though it worn out billions to speech logistical problems conferred by the coronavirus pandemic, which proverb the party [/news/amazon-sales-surge-but-bezos-says-coronavirus-costs-could-hit-4-billion/ struggle to keep up] with a zoom in orders in April. At the time, Bezos warned Virago could drop to a greater extent than $4 1000000000000 on transaction with the pandemic that twenty-five percent. Amazon [/news/amazons-profit-triples-to-6-3-billion-ahead-of-prime-day-bonanza/ projected it would spend that much again] in the final examination leash months of 2020 dealing with the pandemic.
The troupe has too faced the gainsay of holding its Brobdingnagian workforce safety from the coronavirus. In October, Amazon aforementioned the computer virus had [/news/amazon-says-nearly-20000-us-employees-have-contracted-covid-this-year/ infected 20,000 US front-line employees], including grocery workers at Amazon-owned Total Foods Market. The company [ rolled out safety and testing measures] to protect workers.
Vacation sales were wide projected to repeal Amazon's tax revenue as e-Commerce Department companies experienced a hike up from customers on lockdown, and they delivered. In its agitate release, the companionship aforementioned it tattered its vacation records, "delivering more than a billion toys, home, fashion, electronics, beauty, and personal care products to customers worldwide."
On a claim with investors, Amazon CFO Brian Olsavsky aforesaid the company wish own to preserve outlay to speech pandemic demands. "Hopefully, the vaccine gets going," he said.
