Originally, Jeff Bezos founded Amazon as an online bookseller back in 1994 which he launched out of his garage in 1994. Now it is a $1.7 trillion Goliath. On Tuesday, he said his run at the top of the company was over. Mr. Bezos will be replaced by Andy Jassy.
He changed the way consumers got their products, becoming the “everything store”. The retail industry has turned Amazon into a logistics giant, and also expanding into cloud computing, streaming entertainment, and AI (Artificial Intelligence). He also purchased the Washington Post in 2013 for $250 million.
“I’m excited about this transition,” Mr. Bezos wrote in an email to Amazon’s employees. As executive chairman, he said, he intends “to focus my energies and attention on new products and early initiatives.”
We all have ordered from Amazon, and seeing the impact of this change of the guard will be interesting to see. Will he be focusing more on space travel? Wonder if he’ll ever enter the corporate housing space.
