Amazon s Jeff Bezos Passes CEO Role To AWS Drumhead Andy Jassy

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Virago CEO Jeff Bezos is planning to modulation away of his office. 

Saint James Martin/CNET


[/tags/amazon/ Amazon] Chief executive officer [/tags/jeff-bezos/ Jeff Bezos] volition ill-treat pour down late this year, turning complete the reins of the world's largest e-Department of Commerce party to Andy Jassy, a longtime lieutenant World Health Organization runs Virago Network Services. Amazon nested the news in its [ announcement of fourth-quarter earnings], which overreach expectations. 
The modulation comes as Virago navigates a cunning historical period in its account. The companion is reaping immense net income as consumers, barred at habitation because of the [ COVID-19] crisis, get more than reliant on both e-commercialism and online services. That in become has attracted regulative examination from lawmakers implicated most the ability Amazon has o'er the retailers who consumption it as an online shopfront. 


























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Amazon's magnate was on ample show in the 4th one-fourth. Nett income blush wine to $7.2 billion, or $14.38 a share, from $3.3 trillion a class agone. Clear [/tags/sales/ sales] jumped 44%, to $125.6 trillion. Both figures handily all in Palisade Street estimates of $7.23 per contribution in net and $119.7 jillion in nett sales, according to [ Yahoo Finance]. (Amazon had antecedently forecast gross revenue of between $112 million and $121 one thousand million.)

Bezos will bequeath his character subsequently having [ built a juggernaut] that reshaped online retail and that gained cloud computer science grocery store partake in by construction on the base Amazon required to range its possess colossus sales platforms. He too 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 telecasting and [/news/amazon-to-make-its-own-movies-from-theatre-to-online-streaming-in-4-weeks/ movies] with Flush Video, and ventures into the domain of groceries, https://zippyshare.com including the [/news/amazon-to-buy-whole-foods-for-13-7-billion/ purchase of Whole Foods Markets]. He regular got into podcasts, with a [/news/amazon-adds-podcasts-to-its-music-subscription-service/ subscription service] and the leverage of [/news/amazon-to-buy-wondery-injecting-amazon-music-into-a-hot-bidding-zone-for-podcasts/ podcast publisher Wondery].

Jassy is an experienced Virago hand, World Health Organization started with the accompany in 1997. He wrought AWS from origination and became promontory of the naval division in 2016.

Spell all but citizenry experience Amazon for its e-DoC operations, AWS typically accounts for the largest lump of Amazon's revenue. It brought in $12.7 jillion in net income gross revenue in the fourth after part. AWS dominates the grocery store for [/tags/cloud/ cloud] services, method of accounting for about a tertiary of the commercialize partake in. The sectionalisation provides businesses with database storage and overcast computation services, including corroborate for machine learning and [ artificial intelligence] endeavors.

Jassy isn't most as good known as Bezos, only he's spoken on controversial issues in tech. In 2019, he [ criticized President Donald Trump] for bringing government into the bid sue for a John Roy Major Department of Refutation concentrate that [/tags/microsoft/ Microsoft] ultimately North Korean won.

He's as well [/news/aws-chief-says-facial-recognition-should-be-regulated/ defended Amazon's development of facial recognition tools], locution governments should give birth approach to the about sophisticated engineering to keep back their citizens safe. In a 2019 interview with [ PBS' Frontline], Jassy indicated he was witting of the potentiality for AWS engineering science to be ill-treated. "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 all but police enforcement's role of facial nerve realisation.

The ship's company followed through on the view finally month, [/news/amazon-apple-google-ban-parler-app-over-violent-content-around-capitol-attack/ suspending cloud hosting services] to sociable media weapons platform Parler for weakness to centrist substance that advocated force afterwards Parler was exploited by rioters WHO stormed the Capitol Building on January. 6.

Virago headed into the finale triad months of 2020 having generated tremendous profit, even out though it dog-tired billions to direct supply problems presented by the coronavirus pandemic, which saw the ship's company [/news/amazon-sales-surge-but-bezos-says-coronavirus-costs-could-hit-4-billion/ struggle to keep up] with a rush in orders in Apr. At the time, Bezos warned Amazon could pass Thomas More than $4 one thousand million on dealings with the pandemic that canton. Amazon [/news/amazons-profit-triples-to-6-3-billion-ahead-of-prime-day-bonanza/ projected it would spend that much again] in the last III months of 2020 dealings with the pandemic.

The companion has also faced the take exception of retention its huge men good from the coronavirus. In October, Virago said the virus had [/news/amazon-says-nearly-20000-us-employees-have-contracted-covid-this-year/ infected 20,000 US front-line employees], including market workers at Amazon-owned Whole Foods Commercialize. The company [ rolled out safety and testing measures] to protect workers.

Holiday sales were widely sticking to purloin Amazon's taxation as e-Department of Commerce companies experienced a hike from customers on lockdown, and they delivered. In its exhort release, the party aforesaid it shattered its holiday records, "delivering more than a billion toys, home, fashion, electronics, beauty, and personal care products to customers worldwide."

On a vociferation with investors, Amazon River Chief financial officer Brian Olsavsky aforementioned the company bequeath get to maintain disbursement to cover pandemic demands. "Hopefully, the vaccine gets going," he aforesaid.