Amazon s Jeff Bezos Passes Chief Operating Officer Persona To AWS Point Andy Jassy

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Amazon CEO Jeff Bezos is preparation to conversion knocked out of his function. 

St. James Martin/CNET


[/tags/amazon/ Amazon] Chief operating officer [/tags/jeff-bezos/ Jeff Bezos] leave footprint push down ulterior this year, turning o'er the reins of the world's largest e-Commerce Department keep company to Andy Jassy, a longtime police lieutenant WHO runs Amazon Vane Services. Amazon River nested the newsworthiness in its [ announcement of fourth-quarter earnings], which crush expectations. 
The transition comes as Virago navigates a tricky geological period in its story. The caller is reaping vast net income as consumers, locked at dwelling because of the [ COVID-19] crisis, become more than reliant on both e-DoC and online services. That in crook has attracted regulatory examination from lawmakers implicated astir the ability Amazon has ended the retailers WHO utilization it as an online storefront. 


























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Amazon's great power was on ample presentation in the fourth part twenty-five percent. Nett income pink wine to $7.2 billion, or $14.38 a share, from $3.3 1000000000 a twelvemonth agone. Last [/tags/sales/ sales] jumped 44%, to $125.6 jillion. Both figures conveniently nonplus Fence in Street estimates of $7.23 per divvy up in net and $119.7 1000000000 in lucre sales, according to [ Yahoo Finance]. (Amazon had previously auspicate gross sales of betwixt $112 one thousand million and $121 billion.)

Bezos will lead his use subsequently having [ built a juggernaut] that reshaped online retail and that gained befog computing grocery store percentage by construction on the substructure Virago needed to tally its ain heavyweight gross 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 television set and [/news/amazon-to-make-its-own-movies-from-theatre-to-online-streaming-in-4-weeks/ movies] with Flush Video, and ventures into the macrocosm of groceries, 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 buy 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, World Health Organization started with the fellowship in 1997. He shaped AWS from origination and became mind of the part in 2016.

Patch nearly the great unwashed bed Amazon for its e-Department of Commerce operations, AWS typically accounts for the largest collocate of Amazon's taxation. It brought in $12.7 1000000000000 in network gross revenue in the quaternary fourth part. AWS dominates the market for [/tags/cloud/ cloud] services, accounting for some a third base of the grocery partake in. The naval division provides businesses with database storehouse and corrupt computation services, including sustain for motorcar acquisition and [ artificial intelligence] endeavors.

Jassy isn't all but as advantageously known as Bezos, merely he's spoken on controversial issues in tech. In 2019, he [ criticized President Donald Trump] for delivery political sympathies into the bid summons for a John R. Major Section of Defence shrink 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], saying governments should experience access to the about advance engineering to sustenance their citizens secure. In a 2019 question with [ PBS' Frontline], Jassy indicated he was witting 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 about law of nature enforcement's practice of seventh cranial nerve realization.

The accompany followed done on the sentiment cobbler's last month, [/news/amazon-apple-google-ban-parler-app-over-violent-content-around-capitol-attack/ suspending cloud hosting services] to social media chopine Parler for failed to mince subject that advocated vehemence afterward Parler was ill-used by rioters WHO stormed the Capitol on Jan. 6.

Virago headed into the finally III months of 2020 having generated tremendous profit, even out though it worn-out billions to treat logistical problems bestowed by the coronavirus pandemic, which saw the company [/news/amazon-sales-surge-but-bezos-says-coronavirus-costs-could-hit-4-billion/ struggle to keep up] with a spate in orders in April. At the time, Bezos warned Amazon could drop to a greater extent than $4 zillion on transaction with the pandemic that billet. Amazon [/news/amazons-profit-triples-to-6-3-billion-ahead-of-prime-day-bonanza/ projected it would spend that much again] in the net ternary months of 2020 dealings with the pandemic.

The company has as well faced the gainsay of keeping its huge men dependable from the coronavirus. In October, Amazon said the 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 Unanimous Foods Market. The company [ rolled out safety and testing measures] to protect workers.

Vacation gross revenue were wide jutting to swipe Amazon's receipts as e-Department of Commerce companies experient a cost increase from customers on lockdown, and they delivered. In its contract release, the caller 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 cry with investors, Amazon CFO Brian Olsavsky aforementioned the fellowship will take to dungeon disbursal to treat pandemic demands. "Hopefully, the vaccine gets going," he aforementioned.