Paul Stenhouse: Jeff Bezos stands down as Amazon boss
Saturday Morning with Jack Tame
English - February 05, 2021 22:40 - 5 minutes - 4.92 MB - ★★★★★ - 1 ratingNews Society & Culture Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Amazon's founder Jeff Bezos is stepping down from CEO
After 27 years, he'll step into the role of Executive Chairman and focusing his time on his charitable funds, space exploration company Blue Origin, The Washington Post, and his other passions - whatever those are.
Andy Jassy, the current CEO of AWS, will be the new CEO. Currently AWS is 60% of Amazon's profit. Jassy has been with Amazon since 1997 after completing his MBA. It seems the markets approve of the change because the stock price is up on last week's close. Bezos will still hold around 10% of the company so don't expect him to stop having an interest in what's next for Amazon! Uber's getting into the booze business
They've scooped up alcohol delivery platform Drizly which connects liquor stores to delivery people. They'll be folding it into their Uber Eats app. Haven't heard any plans for adding this to their NZ service just yet though.
Uber has been more pragmatic lately - in the past year shutting down its flying taxi and autonomous car division and instead focusing on delivery in the present. Microsoft is leaning into the future of remote work
It's launching a new platform called Viva - aiming to be the hub for the 'employee experience'. Think of it as an intranet with policies, company information, contact information and more mixed with Microsoft Teams and an internal community. It'll also have a learning hub with resources from LinkedIn Leaning. For managers, it'll also have insights to track employee performance so they can "see if their team is at risk of burnout and provide recommendations like encouraging your team to turn off notifications, set boundaries in their calendar, and set daily priorities to focus on what matters most". It seems like they're trying to breathe new life into their Sharepoint business, while also taking on Facebook Workplace. GameStop has come back to reality
It's currently trading at under $60. Eeeek.
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