"There's this folklore mythology around if Amazon launches a business in a certain area, it means that all the other businesses in those areas are not going to be as successful," Jassy said at the Goldman Sachs Technology and Internet Conference in San Francisco yesterday. "I just haven't seen it." There are only two significant industries that Amazon has "disrupted," according to Jassy: retail with Amazon.com, and technology infrastructure with AWS. His remarks come as federal and state regulators are conducting antitrust probes to determine whether Amazon and other technology giants stifle competition and innovation. "In both cases, they were models that were pretty antiquated, and customers weren't so happy with those models, and somebody was going to end up reinventing them," Jassy said.
Feb-14-2020, 06:56:42 GMT