Bezos

Will Amazon’s Stock Price Tank Following Shock Bezos Departure?

You might be wondering why I haven’t mentioned Amazon’s (NASDAQ: AMZN) blowout earnings in the above headline? Well, if you must know, it was the usual levels of outrageously good:

  • Earnings: $14.09 vs $7.23 per share forecast.
  • Revenue: $125.56 billion vs $119.7 billion forecast — that’s a 44% increase YoY, a ridiculous figure for a company of this size!

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But that’s not what we want to talk about today! Instead, we must focus on the shock news that CEO

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Jeff Bezos’ departure as Amazon CEO comes on the heels of a historic quarter

In a letter to Amazon employees published Tuesday afternoon, Jeff Bezos announced that he would step down as CEO and transition to executive chairman, where he’ll focus on “new products and early initiatives.” Andy Jassy, who is currently CEO of Amazon Web Services, will replace him.

“Jeff Bezos really knows how to go out on a high note, and the news of his stepping down from the CEO role will certainly overshadow what was a truly historic quarter,” said Andrew Lipsman, eMarketer principal analyst at Insider Intelligence.

“Amazon’s huge topline performance in Q4—bolstered by Prime Day in October, a

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Jeff Bezos’ departure as Amazon CEO makes for prime joke material on Twitter

Alexa, tell me a joke about Jeff Bezos stepping down as CEO of Amazon.

The founder of the online shopping giant rocked the business world on Tuesday by announcing that Amazon Web Services head Andy Jassy will take over the CEO role in the third quarter of 2021, while Bezos will remain as executive chairman of the company that raked in a record $100 billion last quarter.

And it should come as no surprise that the news was prime fodder for jokes at Bezos’s expense on Twitter
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with many posters poking fun at his wealth, or

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Amazon doesn’t need Jeff Bezos as CEO to be Amazon



Jeff Bezos wearing a suit and tie


© AP


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It is time for Amazon.com Inc. founder Jeff Bezos to take his turn as the founder/senior statesman — like the Wizard of Oz, often unseen but with seemingly omnipotent control — while the boss of Amazon’s cloud-computing arm takes the lead.

The change at the top won’t change much about Amazon but could affect the most crucial choice the company faces: Whether Amazon Web Services and Amazon.com remain under the same roof.

While Bezos is often compared with Apple Inc. co-founder Steve Jobs, his departure from the CEO role more closely resembles the

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Amazon’s Jennifer Salke on Jeff Bezos, Globes Noms & Small Axe Debate

Amazon Studios head Jennifer Salke doesn’t expect Jeff Bezos to turn his attention to producing as he steps down as Amazon CEO — but she doesn’t rule it out either.

Variety took the opportunity on Wednesday morning to ask Salke — calling in to chat about the Golden Globes 2021 nominations — about Bezos’ big news. Now that Bezos has a bit more free time, would the billionaire be up for, say, getting into the TV producing game?

“I don’t think he’s going be developing shows for me,” Salke quipped, a day after Bezos blockbuster announcement that he would transition

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