Amazon The Giant

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Amazon founder Jeff Bezos steps down as CEO

Jeff Bezos, the founder and former CEO of Amazon, has stepped down from his role as CEO, handing the reins to Andy Jassy. Bezos will remain involved with Amazon as executive chairman, while Jassy will take over day-to-day operations of the company.

Bezos founded Amazon in 1994 as an online bookstore.

The company has since grown into one of the largest and most successful businesses in the world, with operations in e-commerce, cloud computing, and more. Bezos is widely credited with being a visionary leader who helped to revolutionize the way we shop and do business online.

Jassy has been with Amazon for nearly 25 years.

He has served in various leadership roles, including CEO of Amazon Web Services (AWS), Amazon's cloud computing business. Jassy is known for his strong leadership skills and his deep understanding of Amazon's business. He is expected to continue to grow Amazon's business while also focusing on innovation and customer service.

Amazon is a global company with over 1 million employees.

The company is headquartered in Seattle, Washington, and has operations in over 200 countries. Amazon is one of the most valuable companies in the world, with a market capitalization of over $1 trillion.