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☆ JPMorgan still sees Amazon as best investing idea ahead of third quarter earnings
▼ + stars: | 2022-10-26 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Even amid worry that the U.S. is facing n a recession that will hit retailers, Amazon remains JPMorgan's best idea ahead of its third quarter earnings results, due Thursday. Still, the firm is bullish on Amazon — it has an overweight rating and a $175 price target on the company. The company should also benefit from lower freight and fuel costs relative to the first half of the year, as well as further rationalization of heavy pandemic spending. The company has a goal of returning retail margin levels to what they saw before the coronavirus pandemic. Elsewhere, Anmuth is encouraged by the cloud service AWS's $100 billion backlog and sees solid growth for the sector going forward.

☆ I left Amazon to work for a climate-tech startup. I now wake up every day smiling — here's how I made the switch.
▼ + stars: | 2022-10-11 | by ( Holly Secon | ) www.businessinsider.com time to read: +9 min

Rotem Yossef spent seven years at Amazon before moving to ClimateAI, a tech startup. It's all hands on deck, all day, every day. Working for a startup offers more vertical career-growth potential: It's a pure meritocracy, free of politics and rigid hierarchical structures. Working in climate tech means that when I go to work, I continue to pursue the same values. Read, read, read — and understand the dynamics and implications of working for a startup and for a startup in the space you're aiming at.

☆ Andy Jassy officially starts as Amazon CEO today. Insiders describe his 'CHOP' meetings, micromanagement, and 'Nice' emails.
▼ + stars: | 2021-07-05 | by ( Eugene Kim | Ashley Stewart | ) www.businessinsider.com time to read: +22 min

On July 5, Andy Jassy officially became Amazon CEO, succeeding Jeff Bezos, who steps into the position of executive chairman. When Amazon Web Services CEO Andy Jassy has a big decision to make, it usually comes at the Chop. "If you go to a Chop meeting with Andy, you better be ready," one former senior-level employee told Insider. Though he's one of the longest-serving executives at Amazon and a close confidant of CEO Jeff Bezos, Jassy still remains relatively little-known outside tech circles. Early on in the pandemic, Jassy told AWS employees that "the world is relying on Amazon," according to an email seen by Insider.

Persons: Andy Jassy, Jeff Bezos, Jassy, Andy, —, Dan Ives, Bezos, It's, Jassy's, Steve Ballmer, Satya Nadella, Travis Kalanick, he's, Dave Matthews, Rothschild, Scott Chancellor, who's, let's, Jeff, Taimur Rashid, AWS's, Rashid, it's, Tim Bray, Bray, Marc Benioff, Salesforce, Chancellor, MARK RALSTON, He's, Trump, Donald Trump's, Jeff Wilke, it'll, didn't, Ashley Stewart, Eugene Kim Organizations: Amazon, Amazon Web, Seattle, Charterhouse, Wedbush Securities, Services, AWS, they're, Harvard, New York Times, Redis Labs, Amazon ., Getty, Lawmakers, Defense Department, Microsoft, Black, Google, Netflix, Black Employee Network, African, Lambda, Web Services Locations: Parma, Jassy, manila, Bezos, AFP, DynamoDB

☆ Jeff Bezos will step down as Amazon's CEO later this year and be replaced by AWS CEO Andy Jassy
▼ + stars: | 2021-02-02 | by ( Avery Hartmans | Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Jeff Bezos will step down as Amazon CEO in the third quarter of 2021. Andy Jassy, the CEO of Amazon Web Services, will replace him. AdvertisementAdvertisementAndy Jassy, the CEO of Amazon Web Services, will replace him. The cloud CEO helped build AWS into a massive unit that generates over $40 billion in annual revenue. AdvertisementAdvertisementAre you an Amazon Web Services employee?

Persons: Jeff Bezos, Andy Jassy, Bezos, —, Jassy, Ashley Stewart Organizations: Amazon Web Services, Service, Amazon, Fund, Washington Post, Services, Web Services Locations: Jassy

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