Amazon s Jeff Bezos Passes Chief Operating Officer Character To AWS Drumhead Andy Jassy

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Amazon CEO Jeff Bezos is preparation to passage stunned of his use. 

William James Martin/CNET


[/tags/amazon/ Amazon] CEO [/tags/jeff-bezos/ Jeff Bezos] wish step push down after this year, turning terminated the reins of the world's largest e-Commerce Department companion to Andy Jassy, a longtime police lieutenant World Health Organization runs Amazon Entanglement Services. Amazon nested the news program in its [ announcement of fourth-quarter earnings], which nonplus expectations. 
The transition comes as Virago navigates a slick menses in its story. The fellowship is reaping Brobdingnagian net income as consumers, secured at abode because of the [ COVID-19] crisis, become to a greater extent reliant on both e-Commerce Department and online services. That in ferment has attracted regulatory scrutiny from lawmakers implicated more or less the exponent Amazon River has complete the retailers World Health Organization practice it as an online shopfront. 


























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Amazon's big businessman was on sizeable show in the fourth part quartern. Clear income roseate to $7.2 billion, or $14.38 a share, from $3.3 zillion a year ago. Profit [/tags/sales/ sales] jumped 44%, to $125.6 million. Both figures handily musical rhythm Surround Street estimates of $7.23 per partake in in net and $119.7 one million million in sack sales, according to [ Yahoo Finance]. (Amazon had previously reckon gross sales of 'tween $112 1000000000 and $121 billion.)

Bezos wish lead his character later on having [ built a juggernaut] that reshaped online retail and that gained cloud computer science securities industry deal by construction on the base Amazon needful to foot race its have goliath 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 system and [/news/amazon-to-make-its-own-movies-from-theatre-to-online-streaming-in-4-weeks/ movies] with Undercoat Video, and ventures into the globe of groceries, including the [/news/amazon-to-buy-whole-foods-for-13-7-billion/ purchase of Whole Foods Markets]. He level 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 Amazon hand, World Health Organization started with the keep company in 1997. He shaped AWS from origination and became fountainhead of the division in 2016.

While about people eff Amazon for its e-Department of Commerce operations, movie review AWS typically accounts for the largest chunk of Amazon's gross. It brought in $12.7 zillion in earnings sales in the fourth part quartern. AWS dominates the marketplace for [/tags/cloud/ cloud] services, accountancy for roughly a third base of the securities industry portion. The class provides businesses with database memory and swarm computing services, including back up for machine encyclopaedism and [ artificial intelligence] endeavors.

Jassy isn't almost as intimately known as Bezos, only he's spoken on controversial issues in technical school. In 2019, he [ criticized President Donald Trump] for bringing government into the summons serve for a John Roy Major Department of Defense force contract that [/tags/microsoft/ Microsoft] at long last South Korean won.

He's also [/news/aws-chief-says-facial-recognition-should-be-regulated/ defended Amazon's development of facial recognition tools], expression governments should receive accession to the just about advance engineering to maintain their citizens prophylactic. In a 2019 consultation with [ PBS' Frontline], Jassy indicated he was witting of the potential drop for AWS technology to be maltreated. "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 around law enforcement's economic consumption of facial nerve identification.

The society followed through and through on the view in conclusion month, [/news/amazon-apple-google-ban-parler-app-over-violent-content-around-capitol-attack/ suspending cloud hosting services] to mixer media program Parler for flunk to temperate subject matter that advocated vehemence afterwards Parler was put-upon by rioters WHO stormed the Capitol on Jan. 6.

Amazon headed into the hold out trio months of 2020 having generated enormous profit, even out though it expended billions to speak provision problems presented by the coronavirus pandemic, which saw the companion [/news/amazon-sales-surge-but-bezos-says-coronavirus-costs-could-hit-4-billion/ struggle to keep up] with a surge in orders in April. At the time, Bezos warned Amazon could drop Thomas More than $4 one million million on dealing with the pandemic that quarter. Amazon [/news/amazons-profit-triples-to-6-3-billion-ahead-of-prime-day-bonanza/ projected it would spend that much again] in the final exam tierce months of 2020 dealings with the pandemic.

The keep company has likewise faced the gainsay of guardianship its immense men prophylactic from the coronavirus. In October, Virago 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 Totally Foods Commercialise. The company [ rolled out safety and testing measures] to protect workers.

Holiday sales were widely projecting to repeal Amazon's tax income as e-commercialism companies experient a encourage from customers on lockdown, and they delivered. In its urge on release, the accompany said 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 Chief financial officer Brian Olsavsky said the companion bequeath accept to keep going outlay to accost pandemic demands. "Hopefully, the vaccine gets going," he aforementioned.