Author Topic: Jeff Bezos to step down as Amazon CEO  (Read 1186 times)

littleman

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Jeff Bezos to step down as Amazon CEO
« on: February 02, 2021, 09:35:34 PM »
https://www.cnbc.com/2021/02/02/jeff-bezos-to-step-down-as-amazon-ceo-andy-jassy-to-take-over-in-q3.html

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Amazon CEO Jeff Bezos will step down later this year, turning over the helm to the company’s top cloud executive Andy Jassy, the company announced Tuesday. Bezos will transition to executive chairman of Amazon’s board.

rcjordan

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Re: Jeff Bezos to step down as Amazon CEO
« Reply #1 on: February 03, 2021, 12:01:14 AM »
Jassy, head of Amz's cloud division, goes to the top. Meanwhile, G's cloud is pumping out red ink.

Google Cloud lost $5.61 billion on $13.06 billion revenue last year
https://www.cnbc.com/2021/02/02/google-cloud-lost-5point61-billion-on-13point06-billion-revenue-last-year.html

Rupert

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Re: Jeff Bezos to step down as Amazon CEO
« Reply #2 on: February 03, 2021, 09:19:22 AM »
Why are Google losing do you think?

Are they going for more smaller customers?
... Make sure you live before you die.

rcjordan

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Re: Jeff Bezos to step down as Amazon CEO
« Reply #3 on: February 03, 2021, 04:09:58 PM »
"It is the first time Google has revealed operating income for its cloud unit."

>think

I don't know and was shocked by the massive negative, Uber-esque numbers in this release.  I do know that I don't see much mention of them in all my reading, everything seems to be AWS with the occasional dash of MS.

ergophobe

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Re: Jeff Bezos to step down as Amazon CEO
« Reply #4 on: February 03, 2021, 07:39:07 PM »
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...  revealing an eye-popping $5.6 billion annual loss last year, but a nearly 50 percent jump in revenue...  But the division’s fast-growing revenues, second only to the search giant’s core ad business, suggest Google could become a major cloud player and fiercer competitor to Azure and AWS in the years to come.... In many ways, Google’s cloud business is going through the same growing pains its competitors once did; it took AWS nearly 10 years to become profitable for the first time, and it’s now a more than $45 billion annual business.
https://www.theverge.com/2021/2/2/22263048/google-cloud-loss-alphabet-q4-2020-earnings


This from a guy who migrated a 3000-machine Hadoop cluster to GCP:

Quote
Google came into the cloud wars with an engineer’s vision of what the future should look like... Unfortunately for Google, most of the world is not run by or for engineers (yet?). They are run by executives at Fortune 500 companies... and Google was profoundly bad at selling to them. Google had to scramble to put up solutions which supported the “old way” of doing things, when enterprises wanted to lift & shift working environments into the cloud. Many of those products are mediocre...

Engineers want tools, but Fortune 500 executives want solutions. Google was unable to tell the story of how their new, modern tools could be put together to build new, modern solutions. [Google is working on fixing this]. This will likely turn things around for Google. Their technology is amazing, and now they need to turn that into sales.
https://www.quora.com/Why-is-Google-losing-the-cloud-computing-race

Someone else summarized the above more pithily by saying, "Google's cloud is amazing, if you're Google."

One other theory - they have good tools, but the big customers don't want to commit to a company with a history of shutting down services.

All that to say, that the explanation ends up being most likely a hybrid of Rupert's guess and mine. They didn't pull in big customers early and now they have to spend piles of cash doing what it takes to acquire them.

rcjordan

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Re: Jeff Bezos to step down as Amazon CEO
« Reply #5 on: February 04, 2021, 09:27:51 PM »
"AWS commands more than a third of the cloud market."

Andy Jassy, new Amazon CEO, steps into the spotlight after building a profit machine - CNET
https://www.cnet.com/news/andy-jassy-new-amazon-ceo-steps-into-the-spotlight-after-building-a-profit-machine/

rcjordan

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Re: Jeff Bezos to step down as Amazon CEO
« Reply #6 on: February 11, 2021, 01:45:49 AM »
>Uber-esque numbers

Uber lost $6.8 billion in 2020 - CNN
https://www.cnn.com/2021/02/10/tech/uber-earnings/index.html

(YEOW!)

rcjordan

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Re: Jeff Bezos to step down as Amazon CEO
« Reply #7 on: February 13, 2021, 09:06:17 PM »