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Will the divorce come up on Amazon’s call?

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Wed, Jan 30, 2019 12:04 PM

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From Hello, Spencer here. Amazon’s results for the holiday shopping quarter, due out t

[Bloomberg] [Fully Charged]( From [Bloomberg](   [FOLLOW US [Facebook Share]]( [Twitter Share]( [SUBSCRIBE [Subscribe]](  Hello, Spencer here. Amazon’s results for the holiday shopping quarter, due out this week, are always a big deal. Apart from offering insight into the critical period when the e-commerce giant sells the [most amount of stuff](, the earnings announcement and conference call serve as a window into the company’s spending on growth, as well as its prospects for the coming year. Expect another blockbuster sales record, continued growth in cloud computing and a boost from the advertising business. This time around, there’s another twist. Earlier this month, founder and CEO Jeff Bezos and his wife MacKenzie said they’re [divorcing](after 25 years. Given their exceptional wealth, estimated at [$132 billion](, the split sparked a media frenzy. But investors mostly shrugged it off, perhaps thinking Jeff and MacKenzie's interests in the company are aligned whether they're together or not. Sure, Amazon issued a statement after the news hit, saying Bezos remains “focused on and engaged in” the company. And remember that he doesn't participate in the company's earnings calls, which are led by CFO Brian Olsavsky, who is disciplined about sticking to script. But there are legitimate questions over whether the divorce settlement will impact Bezos's control of the Seattle-based company. I’m pretty sure there might be a few that could come up on call: - Has there been any internal discussion about how the couple will split their assets and how that could affect the company? - Could MacKenzie Bezos, as a large shareholder, take a more active role, or emerge as a voice for changes at Amazon? - Will Jeff Bezos speed up his stock divestment plan, which he uses to support his space exploration company Blue Origin, to accommodate any separation of assets? I spoke with a few analysts, who said not to expect a whole lot of detail. They note that Amazon doesn't have any special class of stock, so even as the company's two biggest individual shareholders, [Jeff and MacKenzie]( would only own about 8 percent apiece. And Bezos has been consistent and clear on Amazon’s focus and direction, which will also be reflected in his annual letter to shareholders. Still, the CFO should be ready for some questions beyond the financials. —[Spencer Soper](mailto:ssoper@bloomberg.net)  And here’s what you need to know in global technology news Apple cart back upright? The iPhone maker's results suggest some [stability](may be in store after a difficult end to 2018. Still, China remains a [concern](.  5G warning: A close look at the U.S. indictments against Huawei this week [reveal](an implicit warning not to trust China on 5G, even if the next-generation wireless standard isn't explicitly mentioned.  Olive branch? Online marketplace eBay is [starting](a dividend and buying back shares, after activist investor Elliott Management's push to sell off pieces of the company.  Sparking (financial) joy: How Marie Kondo and her Netflix show are [profiting](from Americans’ desire to bring their cluttered lives under control.  Spend less on plants and equipment. That's what Samsung is being [urged to do]( as the electronics maker prepares to announce earnings amid a slowdown in chip and smartphone demand.   Sponsor Content by Capital One Capital One Unveils Technology Incubator at the University of Maryland To help students bring their tech dreams to life, we recently launched our newest Tech Incubator at the University of Maryland. It's just one of the ways we’re driving innovation internally and in our community. [Learn more about the Tech Incubator and Capital One's outreach.](    You received this message because you are subscribed to the Bloomberg Technology newsletter Fully Charged. You can tell your friends to [sign up here](.  [Unsubscribe]( | [Bloomberg.com]( | [Contact Us]( Bloomberg L.P. 731 Lexington, New York, NY, 10022

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