Andy Jassy, CEO of Amazon Web Services, speaks at the WSJD Live conference in Laguna Beach, California, U.S., on October 25, 2016. [Reuters]Amazon on Monday got a new chief executive: Andy Jassy, the mastermind behind its lucrative cloud computing division, who succeeds company founder Jeff Bezos. Here's a look at the business Jassy is taking over and the challenges that await him on the job. It has grown far beyond even that: Jassy built an enormously profitable and market-leading business, Amazon Web Services, that runs data centers serving a wide range of corporate computing needs. Meanwhile, Congress is considering new antitrust laws that could alter Amazon's business.

Source: Standard Digital July 05, 2021 12:45 UTC