AMAZON GAINS MORE TRACTION AMIDST BEZOS RETIREMENT

As the Amazon founder steps aside as CEO, the company is expanding faster than ever

AMAZON GAINS MORE TRACTION AMIDST BEZOS RETIREMENT
Gosfem - Free school management software

Over the period of 27 years, Jeff Bezos made Amazon.com Inc. into a colossus whose power and influence reverberate across numerous industries.

The fortunes of Mr. Bezos and Amazon have exploded in recent years. As demand intensified for its core online-shopping business, the company also saw wild success in cloud computing and expanded successfully into entertainment and advertising. With the growth of Amazon’s power and ambition, the company has gone on an unparalleled hiring spree and widened its footprint across the U.S.

But so far so good, the most successful tremor of Amazon since inception emerges around the time Jeff Bezos retired as the company's CEO. According to WSJ; Starting Monday, when Mr. Bezos leaves the CEO role to become executive chairman,

The Amazon founder will enter a life that includes space exploration, philanthropy and splashy spending on real estate and new toys. As he hands over day-to-day management of the company to Amazon Web Services CEO Andy Jassy

Today, Amazon dominates online retail with about 41% of all online sales, according to research firm eMarketer. It also helped pioneer cloud computing services and advertising industry, where it easily competes with ad titans Alphabet Inc.’s Google and Facebook Inc.


You Can Also Read