Amazon’s last quarter data was released in the past hours. Following the release of this data, Jeff Bezos, founder and CEO of Amazon, made a surprising decision.
Founded by Jeff Bezos in 1994, Amazon is now one of the largest companies in the world. Recently, Jeff Bezos announced that he would resign from his CEO position at Amazon in the third quarter of 2021. Jeff Bezos said Amazon is currently at its best and the best time for such a transition.
Jeff Bezos will step down as CEO, but move on to another role with the company. Following Bezos’ resignation in the summer months, he will become Chairman of the Board. Bezos’ CEO will be replaced by Andy Jassy, CEO of Amazon Web Services.
Finally, Amazon’s profit for the fourth quarter we left behind was also announced. In the fourth quarter, Amazon’s profit doubled to $ 7.2 billion.