Jassy’s first year was marked by challenges ranging from the Covid-19 pandemic and record inflation, to unionization efforts and a plunge in the stock price.
as the"pillars" of the business: Prime, Marketplace and Amazon Web Services.
Bezos greenlit ambitious projects like the Echo smart speaker and delivery drones, while taking on wacky, ambitious ventures outside of Amazon, such as investing $42 million to build theReed Saxon Jassy's big innovation was AWS. After serving as Bezos'"shadow" in the early 2000s, Jassy was personally authorized by Bezos to go start the cloud business, which has transformed into a $60 billion juggernaut and emerged as the company's profit center.
During Amazon's all-hands meeting in April, Jassy reminded staffers that he"was here when we were a books only retailer." From there, the company went into music, video, consumer electronics, cloud computing, devices and streaming entertainment, Jassy said at the meeting, a recording of which was obtained by CNBC.
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