News & Events

Jeff Bezos steps down as Amazon CEO after building an empire A… – Source CNET Tech

From ’90s disrupter to tech titan — Jeff Bezos is stepping down as Amazon CEO after more than 25 years of redefining the online world.

Amazon’s founder will remain as executive chairman. Jassy has been with the company since 1997.

From declining sales to shuttered stores, the underlying value of this company is still questionable, and stock gains don’t change that.

The tech giant has invested aggressively in its cloud business over the last few years.

The e-commerce giant is paying up over charges it did not pay out customer tips to drivers for Amazon Prime Now and Fresh.

The retail giant says it’s committed to bringing employees together at its new headquarters.

Investors organizing on social media hit multimillion-dollar paydays as they fought Wall Street over GameStop’s share price. Experts say it can’t last.

Wall Street’s massive bets against GameStop’s success turned sour when users from a Reddit forum decided to invest in its success instead. Now billions of dollars are at stake.


Read More…

Source CNET Tech

Source link