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30 Jun, 5 tweets, 3 min read
Jeff Bezos, the founder of Amazon, is stepping away after 18 years as the chief executive. But can the company survive without him? And who is Andy Jassy, the man replacing him?
on.ft.com/3x6buXe
Andy Jassy, who is best known for creating Amazon’s colossal cloud computing business, AWS, is set to replace Bezos but faces many challenges ahead. People who know him say he’s up to the task
ft.com/content/7475ae…
Jassy grew up in the affluent town of Scarsdale in New York State, attending high school there before going to Harvard. He was hired by Amazon straight out of Harvard Business School in 1997
ft.com/content/7475ae…
Jassy also faces the prospect of an intrusive former chief executive, with Bezos becoming executive chair — away from the day-to-day running of the company, but still providing input on the most pivotal decisions
ft.com/content/7475ae…
Some investors worry that Bezos stepping back will reduce the company’s thirst for bold experiments, although others say Jassy’s appetite for learning is ‘ravenous’. Read more
ft.com/content/7475ae…

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More from @FinancialTimes

Financial Times Profile picture
30 Jun
We polled 52 economists about the future of inflation, consumer prices, interest rates and unemployment in the US. Here's what they had to say 👇 ft.com/content/de778e…
Should we fear inflation? Probably not. Despite a 'pro-inflationary environment', most economists surveyed believe the Fed will intervene, with 75% responding that market inflation expectations are unlikely to surpass 3% by January 2022 ft.com/content/de778e…
Elevated inflation will compel the Fed to raise interest rates at least twice by the end of 2023, the FT/IGM survey shows ft.com/content/de778e…
Read 5 tweets
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7 Jun
Dr Anthony Fauci, head of the US National Institute of Allergy and Infectious Diseases, has been accused of downplaying the possibility that Covid-19 emerged in a lab in Wuhan, China. But what is his story? And how has he responded to the claims? on.ft.com/3inU3wF
The 80-year-old is one of America’s most respected doctors. Having advised every president since Ronald Reagan, he achieved renown in the scientific world for his work on HIV in the 1980s on.ft.com/3inU3wF
In the Trump administration, Fauci became a well-known public figure for often standing against claims made by the US president over the severity of the pandemic on.ft.com/3inU3wF
Read 6 tweets
Financial Times Profile picture
7 Jun
Have you been feeling ‘significantly more stressed’ in lockdown? Fear not: a new scientific argument is gaining traction, claiming we may be able to harness our stress for the good ft.com/content/1d615d…
While we know much about the negatives of stress – from heart disease to burnout – mindset studies suggest we can alchemise our hormone response to stress to our advantage ft.com/content/1d615d…
Methods such as ‘reappraising’ can make us feel more in control over our reactions under pressure – looking back to realise we’ve coped with similar, or worse things in the past for example ft.com/content/1d615d…
Read 8 tweets
Financial Times Profile picture
7 Jun
FT Exclusive: Critics say Apple is reaping the marketing rewards of its privacy policy launched with the new iOS 14.5 iPhone, but failing to actually enforce it. What is going on?
on.ft.com/2T7JzHi
The iOS 14.5 iPhone launched in April came with a feature called App Tracking Transparency, which enables users to stop apps from collecting personal data used by third parties on.ft.com/2T7JzHi
It has been found that third parties use workaround methods to continue tracking iPhone owners that opt out of sharing on.ft.com/2T7JzHi
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Financial Times Profile picture
17 May
The global population of billionaires has risen more than fivefold in the past 20 years, with the largest fortunes rocketing past $100bn.

And economic stimulus driven by the pandemic has made the wealthiest even wealthier. What’s the story? on.ft.com/3eS59Yv
As Covid-19 worsened during 2020, central banks injected $9tn into economies worldwide. Much of that went into financial markets – and from there into the net worth of the ultra-rich.

Globally, billionaires’ total wealth rose by $5tn to $13tn that year on.ft.com/3eS59Yv
Ruchir Sharma, chief global strategist at Morgan Stanley Investment Management, has been tracking the wealth of the world’s billionaires, identifying not only how it is generated but which nations could be most at risk from anti-wealth revolts on.ft.com/3eS59Yv
Read 9 tweets
Financial Times Profile picture
17 May
Despite expectations that London offices will be less busy once Covid-19 is over, investors are ready to pour as much as £45bn into that market. What is going on? on.ft.com/3ooTun6
Property executives, investors and analysts believe that Covid-19 will push up demand for flexible, open-air facilities with high rents whereas other spaces will become obsolete
ft.com/content/d6b8d4…
So far they seem to be right: the average rent agreed on new leases for high-quality offices in the City was £83 per square foot in the first three months of 2021, up from £75 in the previous period
ft.com/content/d6b8d4…
Read 6 tweets

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