Business News

Jeff Bezos To Step Down

Spread the love

Amazon originator Jeff Bezos has picked a date to venture down as CEO. Bezos, who developed Amazon from a web book shop to a web based shopping behemoth, said Wednesday that Amazon leader Andy Jassy will assume control over the CEO job on July 5.

“We picked that date since it’s wistful for me,” Bezos said during an Amazon investor meeting Wednesday. He clarified that it was actually 27 years prior on that date in 1994 that Amazon was joined.

Seattle-based Amazon.com Inc. declared that Bezos was venturing down as CEO in February, yet didn’t give a particular date. Jassy, his substitution, presently maintains the organization’s distributed computing business.

Bezos, 57 and with an individual fortune of $167 billion, will not be going far. He will become leader seat at Amazon and spotlight on new items and drives. He additionally plans to zero in on his different endeavors, for example, his rocket transport organization, Blue Origin, and his paper, The Washington Post.

On Wednesday, Amazon additionally declared it would purchase celebrated Hollywood studio MGM for $8.45 billion with the expectations of filling its video real time feature with more shows and films to watch.

NEWS SOURCE

READ MORE: Largest Market Debut by Paytm

Recent Posts

As Ola’s Bhavish Aggarwal Faces Criticism, Zomato’s Deepinder Goyal Receives Praise for PR Savvy

The contrasting public images of two prominent Indian startup founders, Zomato's Deepinder Goyal and Ola's…

1 month ago

Singham Again Trailer Launch: What to Expect

The excitement is palpable as Ajay Devgn and director Rohit Shetty gear up for the…

1 month ago

Hardik Pandya Impresses with No-Look Ramp Shot and All-Round Performance in India’s First T20I Win Against Bangladesh

Hardik Pandya showcased his prowess as an allrounder in T20 cricket, contributing significantly with a…

1 month ago

New Haryanvi Song “Bahu Chaudhariya Ki” Launched by Aman Jaji and Pranjal Dahiya

HR Beat Production has unveiled its latest Haryanvi hit, "Bahu Chaudhariya Ki," featuring artists Aman…

2 months ago

Apple’s iPhone 16 Pro Max: Improved Battery Life and Camera Features, but Missing Key AI Updates

Apple's highly anticipated iPhone 16 series is set to launch on Friday, with the flagship…

2 months ago

Music Director Vipin Reshammiya, Father of Himesh Reshammiya, Passes Away at 87

Vipin Reshammiya, father of Himesh Reshammiya, has passed away at the age of 87. He…

2 months ago

This website uses cookies.