Article

2021-02-03 Economy

[Breitbart] The company said Tuesday afternoon that Bezos "will transition to the role of Executive Chair in the third quarter of 2021 and Andy Jassy will become Chief Executive Officer at that time."

"Amazon is what it is because of invention. We do crazy things together and then make them normal," Bezos sound in the company’s announcement.

Bezos continued:

"If you do it right, a few years after a surprising invention, the new thing has become normal. People yawn. That yawn is the greatest compliment an inventor can receive. When you look at our financial results, what you’re actually seeing are the long-run cumulative results of invention. Right now I see Amazon at its most inventive ever, making it an optimal time for this transition."

Bezos founded Amazon in 1994 as an online bookseller. The company went public in 1997 at $18 a share with a market capitalization of $438 million. On the first day of trading, shares climbed as high as $30 and closed at $23.50. Last year, the company’s market cap passed $1 trillion for the first time and it is now worth $1.7 trillion. Ten thousand dollars invested in the company in 1997 would be worth around $16.8 million today.

Posted by Besoeker 2021-02-03 01:12|| || Front Page|| [20 views ] Top

#1 Getting out before he gets sued?

Posted by Deadeye Jaiting7534 2021-02-03 03:13|| 2021-02-03 03:13|| Front Page Top

#2 Might as well enjoy the loot before it's too late.

Posted by Snineling Flotle8716 2021-02-03 03:44|| 2021-02-03 03:44|| Front Page Top

#3 Will he turn into some billionaire political activist?

Posted by Lonzo Ebbineck2209 2021-02-03 04:39|| 2021-02-03 04:39|| Front Page Top

#4 Bye Boss Bezos, and thanks for the long hours and barely living wages, Best Wishes from Your Plantation Workers.

Posted by One Rock 2021-02-03 06:32|| 2021-02-03 06:32|| Front Page Top

#5 He's already begun a new startup: Jeff Bezos Announces He Will Step Down From Amazon To Focus On Being A Bond Villain

Posted by Snineling Flotle8716 2021-02-03 06:54|| 2021-02-03 06:54|| Front Page Top

#6 Andy Jassy is the guy who oversaw deplatforming Parler. Meet the new boss, same as the old boss.

Posted by Mercutio 2021-02-03 07:35|| 2021-02-03 07:35|| Front Page Top

#7 Will he turn into some billionaire political activist?

Turn? That ship has sailed.

Posted by Angurt Ebbineting7072 2021-02-03 13:20|| 2021-02-03 13:20|| Front Page Top

#8 Anyone else think the shape of the new Amazon HQ looks like the poo emoji?

Posted by swksvolFF 2021-02-03 15:23|| 2021-02-03 15:23|| Front Page Top

#9

Yes the proposed Amazon Second Headquarters does look like a manure emoji.

Да предлагаемого второй штаб-квартиры Amazon делает выглядеть навоза смайлики

And it will be built on the glidepath to Reagan International Airport, right across the Potomac, likely visible to Capitol Hill. A reflection of the Congressional building , if you will.

И он будет построен на глиссаде к Международному аэропорту Рейгана, прямо через Потомак, вероятно, видимый с Капитолийского холма. Отражение здания Конгресса , если хотите.

Posted by Betty Barnsmell6854 2021-02-03 16:04|| 2021-02-03 16:04|| Front Page Top

#10

Posted by Betty Barnsmell6854 2021-02-03 16:11|| 2021-02-03 16:11|| Front Page Top

#11

Posted by Betty Barnsmell6854 2021-02-03 16:13|| 2021-02-03 16:13|| Front Page Top

#12 British slang. Famously, in the 1970s BBC comedy "The Fall and Rise of Reginald Perrin," Reggie opened a doomed (he hoped) shop that sold old bits of trash and scrap recycled into completely useless items. He called it "The Grot Shop."

In America, we call it Amazon. / sarc

Posted by Deadeye Chorong9260 2021-02-03 16:35|| 2021-02-03 16:35|| Front Page Top

#13 "Invention" - sure. What exactly did this little shit "invent"? No software. No hardware that anyone ever wanted to buy. Even his cloud computing is just resuscitating the mainframe -- only now everyone pays a tax to the little walleyed freak in Seattle every time data's exchanged.

In reality, all this asshole did was to hide behind a decades-long tax holiday and then relentlessly use predatory pricing to manipulate markets and suffocate competitors.

Once upon a time, in pre-internet pre-oligarchic America, such predatory pricing and anti-competitive behaviors were illegal.

That Bezos got away with it is testament to the unbelievably corrupt state of America in the last 25 years. Most corrupt era since the Robber Barons.

Posted by Betty Dingle6115 2021-02-03 17:03|| 2021-02-03 17:03|| Front Page Top

#14 I have the feeling you are holding back, please express yourself more,it helps,cleanses your soul.

Posted by Hupaitch Grusonter4653 2021-02-03 17:26|| 2021-02-03 17:26|| Front Page Top

#15 ^ lemme guess: you work in Amazon PR? Towel boy for Bezos's plastic Hollywood Honey?

Posted by Phorong Johnson1692 2021-02-03 21:24|| 2021-02-03 21:24|| Front Page Top

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