JASSY: Well, you know, we see a couple different things right now, you know, on the consumer side, consumers are spending, but they're just much more careful about what they're spending on and we see a lot of trading down in price point. How do you see that playing itself out? We keep talking about the R word recession. SORKIN: At the same time, you do talk about macroeconomic headwinds, especially in the context of AWS. And so, I look at where we are today and then I think about working through one of the harder macroeconomic years in recent memory, and the fact that we were able to grow our top line on top of an incredible surge during the pandemic and the fact that we were able to innovate across all our businesses, which will impact both the short and long term and the fact that we have changed the way that we're going to invent and collaborate together by getting into the office more and the fact that we were able to meaningfully streamline our costs while at the same time preserving the strategic long term investments that we believe can meaningfully change customer experiences at Amazon for the long term, I think we've got, we've a lot to look forward to. So if you believe that those equations are going to flip over time, which we do, and we're seeing, we have a lot more growth in front of us. And if you look at our AWS business, which is about an $85 billion revenue run rate business, about 90% of that global IT span is still on premises, not in the cloud. If you if you look at our two largest businesses, if you look in our stores' business, which is our retail business, we still only have even though it's a better $434 billion business, we still only have about 1% of the worldwide market segment share in retail and 80% of it still lives in physical stores. I'd start with just a couple of data points. But I want to talk about sort of what's happened over the last year this, some new news in this about some of the corporate layoffs and where you see this company at the same time, but in terms of thinking about investments in the future and what that balance looks like.ĪNDY JASSY: Yeah well, it's, I think, when, when you I'm very optimistic about what lies ahead for Amazon and I think there are a lot of reasons for it. ĪNDREW ROSS SORKIN: We are live in Seattle this morning with an exclusive interview with Andy Jassy, of course, the CEO of Amazon just out this morning with his second annual shareholder letter now as CEO, and we had opportunity to spend some time with you last year at this time, but what a year. Personal Loans for 670 Credit Score or Lowerįollowing is the unofficial transcript of a CNBC exclusive interview with Amazon CEO Andy Jassy on CNBC's 'Squawk Box' (M-F, 6AM-9AM ET) today, Thursday, April 13 th. Personal Loans for 580 Credit Score or Lower Jassy's successor as AWS chief is Adam Selipsky, who rejoined Amazon from Salesforce earlier this year.Best Debt Consolidation Loans for Bad Credit In addition to the award, Jassy owns 0.02% of Amazon stock, worth more than $300 million, according to FactSet.

The additional shares are worth $214 million at Amazon's Friday closing price of $3.510.98 per share. Now the company leads the market, with Microsoft, Google and other companies trying to catch up. Now he is handing over the entire company to a trusted executive who led Amazon Web Services since its inception, helping Amazon expand beyond commerce and making the company more profitable.Īfter serving as Bezos' shadow, Jassy led the company's push into technology that companies could use to run computing workloads and store data in Amazon's data centers, with the first services arriving in 2006. Personal Loans for 670 Credit Score or Lowerīezos founded Amazon in 1994 and is today the world's richest person, with a net worth of nearly $200 billion, according to Bloomberg. Best Debt Consolidation Loans for Bad Credit

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