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Wall Street’s big bets against GameStop were upended when Reddit traders bet on the company’s success instead. Now shares are swinging like crazy.
Amazon’s founder will remain as executive chairman. Jassy has been with the company since 1997.
Bezos loved to take risks and play the long game, resulting in one of the most powerful tech companies in the world.
In today’s news, Amazon CEO Jeff Bezos announces he will step down from the top job, SpaceX’s SN9 Starship prototype explodes upon landing after a test flight and Uber inks a deal to buy alcohol-delivery app Drizly.
From ’90s disrupter to tech titan — Jeff Bezos is stepping down as Amazon CEO after more than 25 years of redefining the online world.
From declining sales to shuttered stores, the underlying value of this company is still questionable, and stock gains don’t change that.
Source CNET Tech