Credit: Unsplash/CC0 Public Domain

Amazon founder Jeff Bezos said Tuesday he would give up his role as chief executive of the tech and e-commerce giant this year as the company reported a surge in profit and revenue in the holiday quarter.

The said Andy Jassy, who heads Amazon Web Services, would take over as CEO in the third quarter.

The announcement came as Amazon reported a blowout holiday quarter with profits more than doubling to $7.2 billion and revenue jumping 44 percent to $125.6 billion.


Amazon quarterly profit triples to $6.3 bn on retail, cloud


© 2021 AFP

Citation:
Bezos to step down as CEO of Amazon this year (2021, February 2)
retrieved 2 February 2021
from https://techxplore.com/news/2021-02-bezos-ceo-amazon-year.html

This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content