Andy Jassy Latest Celebrity News & Gossip

Amazon has announced the the annual and monthly membership costs for Amazon Prime are going to be rising in the coming weeks.

Amazon fell short of Wall Street analysts’ estimates in the third quarter — the first with CEO Andy Jassy at the helm — amid a slowdown relative to the pandemic boom of 2020.

Todd Spangler NY Digital EditorAmazon posted 15% growth in revenue for the third quarter, but it missed Wall Street expectations on the top and bottom lines — and CEO Andy Jassy said the online retailing giant expects to incur several additional billions of dollars in costs in Q4.Sales increased 15% to $110.8 billion in Q3, whereas the company’s revenue had grown 27% in Q2 and 44% in Q1.

Amazon saw second quarter net sales of $113 billion, up 27% but below expectations, dinging the shares, which fell more than 5% in late trading. Net profit came in at a strong $7.8 billion, or $15.12 a share — up from $5.2 billion or $10.30.

projections of $115.07 billion, while Amazon’s $15.12 earnings per share was more than the $12.22 EPS analysts had projected. The $113 billion was still a 27% improvement from the year-ago quarter and a record for a June quarter.

One day after stepping down as Amazon CEO, the richest man in the world, Jeff Bezos, got even richer.

Amazon has awarded veteran exec Andy Jassy more than $214 million in stock grants, which will vest over a 10-year period, as he gets set to replace Jeff Bezos as CEO.

Cynthia Littleton Business EditorIncoming Amazon CEO Andy Jassy has been given stock awards valued at well over $200 million based on the tech giant’s four-figure stock price at present.Jassy has been granted 61,000 shares of Amazon common stock as of July 5, when he takes over the helm from founder Jeff Bezos. The stock awards will vest over the next 10 years, the company disclosed Friday in a Securities and Exchange Commission filing.

Todd Spangler NY Digital EditorThe day after Independence Day in the U.S., Jeff Bezos will give up the day-to-day reins of the now-colossal company he founded nearly three decades ago.Bezos, speaking Wednesday at Amazon’s annual shareholder — his last as CEO — announced that he will step aside as chief exec on July 5, whereupon Andy Jassy, who is currently CEO of Amazon Web Services, will take over the role.Amazon had previously announced the CEO transition plan.

Todd Spangler NY Digital EditorJeff Blackburn, a former high-level Amazon exec who just recently left after more than two decades, is coming back — in a newly created role, giving him oversight over a consolidated media group.The new appointment was announced internally Thursday by Andy Jassy, currently CEO of Amazon Web Services (AWS), who is set to succeed Jeff Bezos as Amazon CEO in the third quarter.Blackburn “has decided to return to Amazon as SVP of a new Global Media & Entertainment

You’ll have to forgive anyone in Hollywood whose response to the Feb. 2 news that Andy Jassy will replace Jeff Bezos as Amazon CEO was, “who?” An Amazon lifer, Jassy spent nearly two decades running the Seattle e-commerce giant’s highly profitable cloud-computing division, a role that hardly put him in a position to rub elbows with the creatives making films and TV shows for Amazon Studios.

Amazon founder Jeff Bezos has stunned staff at the e-commerce company by announcing he is stepping down as CEO.Bezos, the second richest man in the world, founded the company 27 years ago and announced his decision in a letter to employees on Tuesday (February 2, 2021).He revealed the switch will take place in the third quarter of 2021, when Amazon Web Services CEO, Andy Jassy, will take over.Bezos will become the executive chair of Amazon’s board.“I intend to focus my energies and attention on

Amazon’s CEO, but the company will still stay committed to making more video games.This is according to an email from incoming CEO Andy Jassy, who has expressed his support for Amazon Game Studios despite its troubled history. For context, last year the developer released the online shooter Crucible, which flopped so badly that the studio unreleased the game and subsequently cancelled it.

Amazon boss Jeff Bezos' decision to leave his CEO role later this year caught Wall Street by surprise on Feb. 2, but several analysts sharing their thoughts on the elevation of Andy Jassy to CEO expressed confidence in the promotion.

Todd Spangler NY Digital EditorJeff Bezos, after 27 years building Amazon into a global retailing superpower — and personally amassing an ungodly amount of money — later this year will relinquish the CEO spot.In a surprise announcement, Amazon on Tuesday said Bezos will step down as chief exec in the third quarter of 2021 to become executive chairman.

APPOINTMENTSAmazon CEO Jeff Bezos is stepping down as Amazon CEO. He has an exciting new gig as, well, Executive Chair of Amazon.

Jeff Bezos, who built Amazon from a modest online bookseller to one of a handful of the most valuable companies in the world, said he would step down from his role and transition to executive chair of the company.

Jeff Bezos is stepping down.

Todd Spangler NY Digital EditorAmazon announced that founder Jeff Bezos will step down as CEO in the third quarter of 2021, moving into a new role as executive chair.Andy Jassy, currently CEO of Amazon Web Services (AWS), will become Amazon.com’s CEO at that time.

James McClain Jeff Bezos protégé Andy Jassy, Amazon’s longtime second-in-command and presumptive heir apparent, appears to be following in the footsteps of his internationally famous boss. Quick on the heels of Bezos paying $165 million for Beverly Hills’ iconic Jack Warner estate, the Seattle-based Amazon Web Services CEO and his wife Elana have dropped $6.7 million for a relatively modest L.A.