After founding Amazon twenty seven years ago, Jeff Bezos is stepping down as CEO of one of the pillars of Big Tech and the premier e-commerce website on the internet.
While Jeff Bezos will remained involved in the running of the company, he apparently wants to focus on new initiatives including potential new acquisitions for the Amazon company. Amazon currently commands over a third of all online sales in the United States and grew even more massive at the start of this pandemic to the point it is now at a 1.6 trillion dollar market valuation. Other initiatives that Jeff Bezos is still in control of include Blue Origin, his spaceflight company, the Washington Post, and various charities such as the Bezos Earth Fund and Day 1 Fund.
Jeff Bezos stepping down as Amazon CEO
Billionaire Jeff Bezos is stepping down as CEO of Amazon, the e-commerce empire he founded 27 years ago, he said in a letter to employees. The world’s second richest man on Tuesday said Andy …
nypost.com
While Jeff Bezos will remained involved in the running of the company, he apparently wants to focus on new initiatives including potential new acquisitions for the Amazon company. Amazon currently commands over a third of all online sales in the United States and grew even more massive at the start of this pandemic to the point it is now at a 1.6 trillion dollar market valuation. Other initiatives that Jeff Bezos is still in control of include Blue Origin, his spaceflight company, the Washington Post, and various charities such as the Bezos Earth Fund and Day 1 Fund.