Special Coverage of Amazon’s Transition - A Founder & CEO Like No Other, What We Learned From Robinhood’s S-1 Filing & Qualcomm’s New CEO Cristiano Amon

TechCheck

CNBC

Disruptors, Tech, Technology, Cnbc, Management, Business, Faang, Investing

4.5 • 66 Ratings

🗓️ 2 July 2021

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors present a special show today here on TechCheck diving into Amazon and Jeff Bezos’ legacy on his last day as CEO. But first, Margins Editor Ranjan Roy is here to break down what we learned from Robinhood’s S-1 filing. Then, Kleiner Perkins Chairman and Early Amazon Investor John Doerr joins our anchors to speak about the end of the Bezos era and what to expect from Amazon in the coming years as Andy Jassy takes over as CEO. Later, we also hear from Qualcomm’s new CEO Cristiano Amon on where he sees strong opportunity for growth. Then, CNBC’s Mike Santoli joins to break down how Amazon’s stock has traded over the last few years and what we can look forward to. Also, CNBC’s Julia Boorstin covers Amazon’s push into media with notable growth in three key areas. We also have the story on why shares of newly public company Didi are taking a tumble this morning. And later, CNBC’s Robert Frank covers the growth trajectory of Jeff Bezos’ fortune.

Transcript

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0:00.0	I'm Carl Kintanilla. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern.
0:05.8	Listen in. I'm John Fort with Dea Jrabosa and Julia Borsden. Carl has the morning off.
0:10.6	Today, the end of an era at Amazon and the legacy of Jeff Bezos on his last day as the CEO of the company he founded almost three decades ago.
0:20.4	Of course, he's staying on as executive chairman.
0:22.0	And then Robin Hood is finally going public. The stock trading app is going to trade itself,
0:27.2	what we learned about the company and the big test it faces this year. And later, another day one
0:33.2	with an exclusive with Qualcomm's new CEO, Cristiano Ammon.
0:43.7	He started yesterday officially as CEO, as another American tech giant, gets a new leader. And IBM loses one leader as former Red Hat CEO, IBM President Jim Whitehurst departs.
0:52.9	We just got that news in the last hour. That stock is down
0:56.5	more than four and a half percent, Julia. And a stock will hit later in the show, D.D., the
1:03.5	Chinese ride-hailing giant went public Wednesday, and we talked about the regulatory risk for these
1:09.5	Chinese tech giants of the government chooses to cut them down to size.
1:13.6	Well, it took less than 48 hours.
1:16.7	A regulator is saying it will conduct a cybersecurity investigation of the company.
1:20.9	The stock now trading down about 5.5%.
1:23.8	And this isn't an isolated phenomenon.
1:26.6	The quib Chinese Internet stocks down across the board, Deirdre.
1:30.3	Yeah, a special show here on Tech Check, why we started with that banger of a song.
1:36.3	Amazon founder and CEO Jeff Bezos steps down over this long weekend, replaced by his longtime lieutenant Andy Jassy.
1:43.3	Now, Bezos will remain executive chairman, but it is the end of an era for replaced by his longtime lieutenant Andy Jassy.
1:49.4	Now, Bezos will remain executive chairman, but it is the end of an era for an iconic American company. Amazon sold its first book in 1995, then expanded to selling, well, everything,
1:55.9	and upended the retail world in the process, of course. Then there was the introduction of
	...

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