Feb 3, 2021

Amazon: Meet Jeff Bezos's successor - Andy Jassy

Amazon's business is so big it essentially acts as an umbrella organisation for many different companies. Amazon's quarterly results, announced on Tuesday, confirm that AWS is the driving force behind its profits - accounting for about half of the company's operating income. Investors want Amazon to have many more offshoots like AWS - hugely profitable firms all under the company's banner. He'll be less involved in running the everyday aspects of the company, but Amazon is still his baby, he'll still be the most influential person in whichever room he finds himself at the company. Amazon has become a very big, very successful company - and that's likely to continue under Mr Jassy.

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