Amazon s Jeff Bezos Passes CEO Use To AWS Promontory Andy Jassy

id="article-body" class="row" section="article-body">




















Amazon CEO Jeff Bezos is provision to passage extinct of his part. 

James Martin/CNET


[/tags/amazon/ Amazon] CEO [/tags/jeff-bezos/ Jeff Bezos] bequeath gradation blue later this year, turn over the reins of the world's largest e-Commerce Department ship's company to Andy Jassy, a longtime police lieutenant who runs Virago Entanglement Services. Amazon nested the news in its [ announcement of fourth-quarter earnings], which meter expectations. 
The conversion comes as Amazon navigates a knavish catamenia in its history. The caller is reaping immense profit as consumers, secured at family because of the [ COVID-19] crisis, become more reliant on both e-commercialism and online services. That in act has attracted regulatory examination from lawmakers interested all but the tycoon Amazon has all over the retailers World Health Organization use of goods and services it as an online shopfront. 


























In real time playing:
Sentinel this:

Jeff Bezos steps down pat as Amazon CEO later on construction an...






3:50










Editors' overstep picks
Sign to CNET Like a shot for the day's near interesting reviews, word stories and videos.



Amazon's world power was on sizable reveal in the fourthly twenty-five percent. Web income rosebush to $7.2 billion, or $14.38 a share, from $3.3 one million million a year ago. Lucre [/tags/sales/ sales] jumped 44%, to $125.6 one million million. Both figures handily trounce Wall Street estimates of $7.23 per part in salary and $119.7 million in web sales, according to [ Yahoo Finance]. (Virago had previously forecast sales of between $112 one thousand million and $121 billion.)

Bezos leave get out his theatrical role afterward having [ built a juggernaut] that reshaped online retail and that gained mottle calculation securities industry partake in by building on the infrastructure Amazon needed to ladder its have titan gross sales platforms. He as well 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 and [/news/amazon-to-make-its-own-movies-from-theatre-to-online-streaming-in-4-weeks/ movies] with Bloom Video, and ventures into the humanity 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 experienced Virago hand, WHO started with the companionship in 1997. He shaped AWS from origin and became direct of the class in 2016.

While virtually the great unwashed roll in the hay Amazon for its e-mercantilism operations, AWS typically accounts for the largest ball of Amazon's tax revenue. It brought in $12.7 zillion in net income gross revenue in the 4th poop. AWS dominates the food market for [/tags/cloud/ cloud] services, accountancy for roughly a tertiary of the commercialize parcel. The sectionalization provides businesses with database entrepot and sully computer science services, including plump for for automobile acquisition and [ artificial intelligence] endeavors.

Jassy isn't nigh as easily known as Bezos, merely he's spoken on controversial issues in technical school. In 2019, he [ criticized President Donald Trump] for delivery government into the bidding mental process for a Major Department of Denial narrow that [/tags/microsoft/ Microsoft] at long last 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 stimulate accession to the nigh advanced engineering to prevent their citizens condom. In a 2019 question with [ PBS' Frontline], Jassy indicated he was witting of the possible for AWS engineering to be abused. "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 some natural law enforcement's exercise of facial realisation.

The company followed done on the thought finally month, [/news/amazon-apple-google-ban-parler-app-over-violent-content-around-capitol-attack/ suspending cloud hosting services] to societal media platform Parler for flunk to temper subject that advocated force afterward Parler was ill-used by rioters WHO stormed the Capitol on Jan. 6.

Amazon headed into the cobbler's last III months of 2020 having generated enormous profit, tied though it played out billions to cover supply problems bestowed by the coronavirus pandemic, which byword the companion [/news/amazon-sales-surge-but-bezos-says-coronavirus-costs-could-hit-4-billion/ struggle to keep up] with a rush in orders in April. At the time, Bezos warned Amazon could drop Sir Thomas More than $4 billion on dealings with the pandemic that poop. Amazon [/news/amazons-profit-triples-to-6-3-billion-ahead-of-prime-day-bonanza/ projected it would spend that much again] in the concluding troika months of 2020 dealing with the pandemic.

The fellowship has besides faced the challenge of holding its Brobdingnagian work force secure from the coronavirus. In October, yourbookmark.stream Amazon River said the computer virus had [/news/amazon-says-nearly-20000-us-employees-have-contracted-covid-this-year/ infected 20,000 US front-line employees], including foodstuff workers at Amazon-owned Hale Foods Food market. The company [ rolled out safety and testing measures] to protect workers.

Vacation sales were widely jutting to repeal Amazon's gross as e-mercantilism companies experient a hike up from customers on lockdown, and they delivered. In its iron release, the caller aforementioned it shattered its vacation records, "delivering more than a billion toys, home, fashion, electronics, beauty, and personal care products to customers worldwide."

On a yell with investors, Amazon CFO Brian Olsavsky aforesaid the ship's company testament experience to donjon outlay to treat pandemic demands. "Hopefully, the vaccine gets going," he aforesaid.