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EDUindex News

                               THE END OF 27 YEARS TENURE

written byNEHA SHAHAB

AMAZON IS AN AMERICAN INTERNATIONAL COMPANY WHICH FOCUSES ON E-COMMERCE , CLOUD COMPUTING , DIGITAL STREAMING AND ARTIFICIAL INTELLIGENCE.  THE COMPANY HAS BEEN REFERRED TO AS ONE OF THE MOST INFLUENCIAL ECONOMIC AND CULTURAL FORCES IN THE WORLD. RICHEST MAN OF WORLD AMAZON CEO JEFF BEZOS OFFICIALLY RESIGNED FROM HIS COMPANY HE OFFICIALLY TWEETED ABOUT IT .
1975 LAUNCHING A STARTUP A WORLD BIGGEST E-COMMERCE COMPANY CREDITED GOES TO JEFF BEZOS.
IN 1994 , HE QUITS D.E. SHAW COMPANY AND MOVED TO SEATTLE WASHINGTON TO OPEN A VIRTUAL BOOKSTORE. WORKING OUT OF HIS GARAGE WITH A HANDFUL EMPLOYEES , BEZOS BEGAN DEVELOPING THE SOFTWARE FOR THE SITE NAMED AFTER THE SOUTH AMERICAN RIVER, AMAZON SOLD ITS FIRST BOOK IN JULY 1995 . AMAZON DIVERSIFED EVEN FURTHER IN 2006 BY INTRODUCING AMAZON WEB SERVICE [AWS] A CLOUD COMPUTING COMPANY THAT BECAME THE LARGEST SUCH SERVICE IN THE WORLD. IN 2007 AMAZON RELEASED A NEW HANDHELD READING DEVICE CALLED KINDLE , A DIGITAL BOOK READERS WITH HAS WIRELESS INTERNET CONECTIVITY. THE SAME YEAR AMAZON MOVED INTO MAKING ITS OWN TELEVISION SHOWS AND MOVIES WITH ITS AMAZON STUDIOS DIVISION.
ABOUT HALF OF THE COMPANY OPERATING INCOME IN 2018 WAS DERIVED FROM AWS [ AMAZON WEB SERVICE ] . TWO YEARS LATER AMAZON REGISTERED RECORD PROFITS AND ITS REVENUE IN THE FOURTH QUATER THAT YEAR SURPASSED $100 MILLION FOR THE FIRST TIME. THE UNPRECENDED NUMBERS WERE IN PART CAUSED BY A RISE IN HOME SHOPPING DURING THE COVID- 19 PANDEMIC.
 UNDER HIS GUIDANCE AMAZON BECAME THE LARGEST RETAILER OF WORLD WIDE WEB AND THE MODEL OF INTERNET SALES. 
 AS WORLD'S RICHEST MAN BEZOS WON'T BE FADING INTO OBSCURITY ANYTIME SOON HE IS STAYING ON AS AMAZON EXECUTIVE CHAIR WHERE HE SAID HE WILL STAY AND ENGAGED IN IMPORTANT AMAZON INITIATIVES AND HAS ALSO SAID HE HAS PLANS TO DEDICATE MORE TIME AND ENERGY TO OTHER INITIATIVES SUCH AS DAY ONE FUND AND BEZOS EARTH FUND FOUNDATION , THE WASHINGTON POST NEWSPAER AND HIS BLUE ORIGIN SPACE COMPANY. IN THE IMMEDIATE FUTURE BEZOS WILL FLY TO THE EDGE OF SPACE ONBOARD A ROCKET BUILD BY BLUE ORIGIN ON JULY 20. 
ANDY JASSY TAKES OVER AS AMAZON CEO. CURRENT CEO OF AMAZON WEB SERVICE . HE JOINED AMAZON ON SHORTY AFTER GRADUATING FROM HARVARD BUSINESS SCHOOL IN 1997 AND HAS LED AWS SINCE THE TEAM WAS FOUNDED IN 2002. IN 2002, THE COMPANY LAUNCHES AWS , WHICH INITIALLY OFFERED DATA ON INTERNET TRAFFIC PATTERNS WEBSITES. HE WAS OFFCIALLY NAMED THE DIVISION 'S CEO IN 2016. IN  2016 JASSY WAS NAMED A PERSON OF THE YEAR BY THE FINANCIAL TIMES.A MONTH LATER , JASSY WAS PROMOTED FROM SENIOR VICE PRESIDENT OF AWS THAT YEAR JASSY EARNED $36 MILLION. JASSY ONE OF THE POWERFUL LEADER NOT JUST WITHIN THE CLOUD AND TECH SECTOR BUT IN THE WORLD OF BUSINESS.
IN THE JEFF BEZOS LETTER TO STAFF ANNOUNCING HIS EXIT AS CEO , BEZOS SAID JASSY WILL BE AN OUTSTANDING LEADER.