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Amazon’s latest earnings cap off a sterling 2020, despite the pandemic

The Verge

Amazon founder and soon-to-be-former CEO Jeff Bezos is stepping down from his role , making way for Amazon Web Services CEO Andy Jassy to take his place, and the company couldn’t be in better shape financially for the big transition. Amazon’s full-year 2020 net sales were up 38 percent, to $386.1

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Amazon increases its market cap by $600B in 2020 — and analysts predict even more growth

GeekWire

Amazon has become one of the top beneficiaries of social distancing mandates amid the COVID-19 pandemic as more people rely on its online store, cloud computing services, digital media offerings, and more amid the pandemic. The company is currently valued at more than $1.5 trillion, with shares trading around $3,150 on Monday.

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Amazon sustainability report: Carbon emissions rose 19% in 2020 as pandemic drove huge revenue

GeekWire

As Amazon’s sales skyrocketed during the pandemic, its carbon emissions rose — by 19%, according to its 2020 sustainability report , released Wednesday. The report is Amazon’s third annual sustainability report assessing progress toward its 2019 Climate Pledge to achieve net-zero carbon emissions by 2040.

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Amazon will have a new CEO as Jeff Bezos transitions to executive chair later this year

The Verge

Andy Jassy , who currently serves as CEO of Amazon Web Services (AWS), will replace Bezos as Amazon CEO. Bezos has also prospered as head of the company, with skyrocketing wealth that ( until just a few weeks ago ) made him the single richest human on Earth, with a net worth of nearly $180 billion.

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Walmart’s U.S. ecommerce sales top $10B as retail giant prepares to challenge Amazon Prime

GeekWire

net sales for the first time, according to GeekWire’s calculations, based on Walmart’s current and past financial results. — Shira Ovide (@ShiraOvide) August 18, 2020. Amazon reported total net sales of $88.9 However, those results also include sales from its Amazon Web Services cloud division.

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Tech Moves: Tomo co-founder steps down; Usermind co-founder joins Ironclad; ex-Google director back at Microsoft

GeekWire

She helped launch Tomo in 2020 with Greg Schwartz , another former Zillow exec who remains CEO. She joined Google in 2020 as a senior director for Google Cloud, and left the company in July 2023. The company reported a net loss of $22 million for its most recent quarter. I’m all in,” Jorgensen wrote on LinkedIn.

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Amazon blows past estimates for holiday quarter, sets record with $125.6B in revenue

GeekWire

Amazon Web Services chief Andy Jassy will replace Bezos, who founded Amazon 27 years ago. The Seattle tech giant has surged amid the pandemic as consumers turn to online shopping and more people rely on its cloud arm, Amazon Web Services. Profit: Amazon reported net income of $7.2 billion in sales.