Companies & Funds, Consumer Products And Services, Internet

Companies & Funds, Consumer Products And Services

New Amazon CEO will have cloud and ads in his cart

New Amazon boss Andy Jassy can’t neglect the huge e-commerce business, but fast-growing cloud services and advertising are also in his cart, @rob_cyran argues.

7/30/2021 12:31:00 AM

New Amazon boss Andy Jassy can’t neglect the huge e-commerce business, but fast-growing cloud services and advertising are also in his cart, rob_cyran argues.

Andy Jassy now has the reins at the $1.8 trln group. E-commerce is the base, but cloud services and advertising, both growing fast and with high margins, account for the bulk of operating profit. The two businesses face challenges: one from competitors, the other from regulators.

Context NewsAmazon.com said on July 29 that second-quarter revenue was $113 billion, an increase of 27% from the same quarter last year. The company earned $15.12 per share, compared with $10.30 per share a year ago.On July 5, Andy Jassy took over as chief executive, with founder Jeff Bezos becoming executive chairman. Jassy was formerly the head of Amazon Web Services, the company’s cloud-services division.

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Source: REUTERS/Brendan McDermidAn Amazon delivery worker pulls a delivery cart full of packages during its annual Prime Day promotion in New York City, U.S., June 21, 2021. Read more: ReutersBreakingviews »

Hatchlings of endangered crocodile species found in Cambodia

Eight hatchlings from one of the world’s rarest crocodile species have been found in a wildlife sanctuary in eastern Cambodia

12 Breezy Linen Items You Can Find on AmazonI present to you the best dress for blistering hot sunny days, courtesy of Detroit-based designer Tracy Reese.

These Are The Best Skincare Products For Fine Lines And Wrinkles You Can Get On AmazonSkip the Botox. promote house of gucci... fine line and wrinkles can wait

Amazon Misses on Q2 Revenue, Profit Jumps 50% to Beat Earnings EstimatesAmazon grew total sales in the second quarter of 2021 by 27% to $113.1 billion — a record for Q2 — but that was lighter than investors had expected, given in part that Prime Day shoppin…

The ’13 Going On 30′ Dress Is Going Viral & It’s Only $20 On AmazonGrab it before TikTok sells it out!

These Are the Best Purses on Amazon to Shop Before They're Sold OutFinish off your outfit with any of these affordable bags.

Amazon Maintains Profit Run, but Sales Miss Expectations in Pandemic FirstThe e-commerce giant’s second-quarter sales of $113.1 billion were slightly less than analysts expected, breaking from a pattern set during the pandemic. $AMZN 👉🏼Amazon ✅Growing business ✅Solvent business ✅Cash cow business ✅Innovative business ✅Diversified business ✅Flexible & defensive business ✅Customer-focused business ✅Strong wide-moat business ✅Long-term oriented business