Jeff Bezos is stepping down as Amazon CEO



Bezos has been Amazon’s CEO since its founding in 1995. He oversaw its growth from an online bookseller into a $1.7 trillion global retail and logistics behemoth, which has also made Bezos into one of the world’s richest people.
The news came as part of Amazon’s fourth-quarter earnings report. The company handily beat Wall Street analysts’ projections for both sales and profit, capping a banner year as the pandemic boosted both its retail and cloud businesses.
Amazon (AMZN) shares were flat in after-hours trading Tuesday. The company’s stock has grown nearly 69% over the past year.

This is a developing story and will be updated.



Source link