Jeff Bezos steps down as CEO, just like Amazon in our lives.

Bezos likes to take risks and play long games, making it one of the world's most powerful tech companies.Jeff Bezos is taking the path of Steve Jobs, Bill Gates and Larry Page, taking the responsibility of the power plant company's CEO to the fullest extent: Amazon has taken a new level of influence and relevance amid a locked life at Driven by our plague for Bezos, it's been over a century of destroying the status quo in everything from the way we shop on a daily basis to the way we interact with the devices in our homes.

Buried a slotxo few paragraphs in the company's fourth-quarter report on Tuesday announced that Bezos, the world's second richest man behind Elon Musk, will step down as CEO to executive chairman in the third quarter. In his position will be one of his key representatives, Andy Jassy, ​​who runs the highly profitable Amazon Web Services business. Amazon's escalation of veterans should smooth out the transition, not that Bezos tends to handle the business perfectly.

Since Amazon was founded in 1994, Bezos has made dozens of innovations for the company.In the process, Amazon has been involved in the entire or immediate demolition of the industry. From a simple online retailer, Amazon extends to cloud services and artificial intelligence through the Alexa digital assistant that powers millions of smart homes. It's even stabbing at a physical retailer that's undergoing ruin - through ownership of high-end supermarkets, Whole Foods Market and a myriad of experimental stores.

But millions of people know Amazon through its Prime service, which has evolved from a subscription delivery service to a digital platform offering video and music streaming, photo storage, and other services.It has grown from a luxury to a necessity. For people reluctant to leave their homes amid the coronavirus outbreak and become more comfortable with everything from toilet paper to groceries this week delivered to their doorstep. The dynamic was evident by its fourth-quarter net profit of $ 7.2 billion, more than double the previous year's total.
"Jeff Bezos really knows how to get out there," said Andrew Lipsman, principal analyst at Insider Intelligence's eMarketer. "The news of stepping down as CEO will truly mash the historic quarter."

Amazon's dominance raises questions about the power the company uses amid a broader and more unbelievable view of Big Tech's role in our lives. Stepping down could lead Bezos to step away from Amazon's daily operations, giving him time to focus on other exploits, including his aerospace company Blue Origin.In thinking it all started with a physical book. Do you remember those things?
From books to statues, Yeti and Hollywood When Bezos started Amazon (formerly "Cadabra") in 1994, its biggest selling offer was a book discount. On a 1997 warehouse tour with CNET staff Ron Reagan, Bezos got 30% off every New York Times bestseller.In the accompanying video, you can see the rep print the order and pick up the book in person.

That's a far cry from robotics and automation that lives in operations centers like the 1.2 million square feet (that's 26 football stadiums) in Fall River, Massachusetts, which deliver every. From the iPhone charger to a life-sized yeti statue.It is also different from the Core Prime program, which was launched in 2005 as an unlimited shipping service that promises two-day delivery at no cost in addition to the subscription fee. The model reflects warehouse club programs such as Costco's, which charge a monthly fee to access discounted products.This program started out with something nice to have. But it becomes even more useful as Amazon has more and more products, often cheaper than brick-and-mortar competitors like Walmart or Kmart.Amazon is starting to add new services to Prime, including a list of streaming video shows.

Originals and archives for photos, ebooks and games later last year, Amazon said it had 150 million Prime memberships in 19 countries.In the meantime, Bezos brought Amazon into Hollywood in 2010 with the founding of Amazon Studios, the company's original film and video production company.At first, Amazon Studios was designed to mark the start of the disruption that Amazon brought. Books with self-publishing Initially, the department aimed to dig into a community of amateur screenwriters and filmmakers to uncover a gem that would normally never pass from Hollywood's gatekeepers: Find Popular Music. Like Fifty Shades of Gray, but for TV or movies.

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