A Bezo-less future at Amazon
After 27 years, Jeff Bezos step into the role of Executive Chairman and focusing his time on his charitable funds, space exploration company Blue Origin, The Washington Post, and his other passions – whatever those are.
Andy Jassy, the current CEO of AWS, will be the new CEO. Currently AWS is 60% of Amazon’s profit. Jassy has been with Amazon since 1997 after completing his MBA. It seems the markets approve of the change because the stock price is up on last week’s close.
Bezos will still hold around 10% of the company so don’t expect him to stop having an interest in what’s next for Amazon!
Uber acquires Drizly
They’ve scooped up alcohol delivery platform Drizly which connects liquor stores to delivery people. They’ll be folding it into their Uber Eats app. Haven’t heard any plans for adding this to their NZ service just yet though.Uber has been more pragmatic lately – in the past year shutting down its flying taxi and autonomous car division and instead focusing on delivery in the present.
GameStop has come back to reality
It’s currently trading at around $60. Eeeek.