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Top related persons:
Marissa Leshnov - 1 Andy Jassy - 1
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Richmond , Calif
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Wall Street - 1 Amazon Web Services - 1 Business - 1 SACRAMENTO - 1

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4 mentions found


☆ Amazon’s Profit Triples as Sales Show Resilience Leading Into Holidays
  + stars: | 2023-10-26 | by ( Sebastian Herrera | ) www.wsj.com   time to read: 1 min
An Amazon same-day fulfillment facility in Richmond, Calif. Photo: Marissa Leshnov for The Wall Street JournalAmazon.com said profit tripled to nearly $10 billion from July to September as strong sales in its cloud-computing, advertising and retail units helped the company continue its rebound from postpandemic lows. Chief Executive Andy Jassy said the company would reap tens of billions of dollars in revenue in the next several years as customers turn to generative AI opportunities available within its cloud-computing business, known as Amazon Web Services, or AWS. Business customers are likely to be less cautious with their spending, he said.
Persons: Marissa Leshnov, Andy Jassy Organizations: Wall Street, Amazon Web Services, Business Locations: Richmond , Calif
☆ Reparations for Black Californians Face Uphill Climb in State Legislature
  + stars: | 2023-06-14 | by ( Christine Mai-Duc | Photographs Marissa Leshnov For The Wall Street Journal | ) www.wsj.com   time to read: 1 min
SACRAMENTO—The first task force in the nation exploring how a state could make reparations to Black Americans hurt by slavery and discrimination is set to issue a nearly-1,000 page report to California’s legislature later this month. Following two years of work, California’s task force is likely to suggest dozens of measures that could cost hundreds of billions of dollars.
Organizations: SACRAMENTO
☆ Tech Workers Aren’t as Rich as They Used to Be
  + stars: | 2023-05-07 | by ( Rachel Louise Ensign | Photographs Marissa Leshnov For The Wall Street Journal | Marissa Leshnov | ) www.wsj.com   time to read: 1 min
Tommy York grew up in San Francisco but was far from his goal of saving enough money to buy a home in the uber pricey market—until he landed an engineering job at Google. It was December 2021, and the shares of Google parent Alphabet had just hit a record high. Mr. York’s pay package included a $175,000 stock grant to be paid out over four years. The success of the $2 trillion company would be his, too.
☆ Amazon Rebounds From Postpandemic Doldrums, but Says Cloud Growth Is Slowing
  + stars: | 2023-04-27 | by ( Sebastian Herrera | ) www.wsj.com   time to read: 1 min
Amazon has made efforts in recent months to reduce costs and focus on profitability. Photo: Marissa Leshnov for The Wall Street JournalAmazon.com Inc. reported surging growth as it rebounded from stagnant sales after a postpandemic slowdown, but its cloud-computing business showed further signs of cooling. Stronger-than-expected performance in its advertising and international businesses was initially greeted warmly by investors.
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