Motley Fool Money End of an Era
Feb 5, 2021
Chad Millman, Chief Content Officer at The Action Network and a sports betting expert, joins the discussion on the booming industry of Super Bowl betting. He shares insights into the surge in online betting as fans gear up for the big game. The conversation also touches on the complexities of state-level legalization and the rise of prop bets. Millman’s expertise sheds light on the financial implications for sportsbooks, making it a must-listen for betting enthusiasts and investors alike.
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Amazon's Cloud Focus
- Jeff Bezos stepping down as Amazon CEO signals a focus shift to cloud computing.
- Andy Jassy, Head of AWS, is a suitable successor given his long tenure and cloud expertise.
AWS Growth Trajectory
- AWS's rapid growth, from $30B to $51B in annual revenue run rate in just a few years, underscores its importance.
- Jassy's deep understanding of AWS makes him the ideal CEO to lead Amazon's cloud-centric future.
Alphabet's Cloud Confidence
- Alphabet's breakout of cloud revenue suggests confidence in its profitability potential.
- Despite current losses, the growth in cloud revenue and widening margins point towards a positive trajectory.