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Jeff Bezos to step down as Amazon CEO, Andy Jassy to take over in Q3
Amazon CEO Jeff Bezos will step down later this year, turning the helm over to the company's top cloud executive Andy Jassy.
Jassy joined Amazon in 1997 and has led Amazon's Web Services cloud team since its inception.
Bezos said he will stay engaged in important Amazon projects but will also have more time to focus on the Bezos Earth Fund, his Blue Origin spaceship company, The Washington Post and the Amazon Day 1 Fund.
[...] Bezos will transition to executive chairman of Amazon's board.
Also at The Guardian and TechCrunch, Ars Technica, CNET, and Mashable
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Jeff Bezos to Stand Down as CEO of Amazon Later in 2021
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(Score: 2) by PartTimeZombie on Wednesday February 03 2021, @12:19AM (6 children)
It might not help. Richard Branson hasn't had a real job since the early 1990's and he founded Virgin Galactic in 2004.
They're yet to get anything into orbit at all, but I see it is listed on the sharemarket and is about $48 per share.
Some sort of tax dodge then I suppose.
(Score: 0) by Anonymous Coward on Wednesday February 03 2021, @12:33AM (3 children)
Not Virgin Galactic (sub-orbital joyrides), but Virgin Orbit (small-sat launcher rocket dropped from a 747) reached orbit on second LauncherOne mission [spacenews.com] a couple of weeks ago. Not that it really matters. SpaceX is going to eat all of their lunches anyway, especialy with SpaceX now set to launch all-civilian crew to space [go.com].
(Score: 3, Funny) by DannyB on Wednesday February 03 2021, @12:43AM (1 child)
Shirley you must mean launches not lunches.
The thing about landline phones is that they never get lost. No air tag necessary.
(Score: 2, Funny) by Anonymous Coward on Wednesday February 03 2021, @02:38AM
Lunch is a meal you eat at noon, and don't call me Shirley.
(Score: 2) by PartTimeZombie on Wednesday February 03 2021, @01:15AM
Rocketlabs seem to be doing pretty well, but they're only launching small satellites, which I assume is a specific market and it looks like Branson wants to compete with them.
A quick search shows that Virgin Orbit is being pumped up as a new hot investment by lots of the business press so it's probably just a way for Branson to make some money quickly.
(Score: 0) by Anonymous Coward on Wednesday February 03 2021, @02:36AM (1 child)
At $48, I'd say SPCE is heavily overvalued. I'd really anticipate a big drop very soon. Who knows, it could go up, but I wouldn't be surprised if it drops off to practically nothing. And that's too bad, because if they go under it would really be just a tremendous loss.
(Score: 0) by Anonymous Coward on Wednesday February 03 2021, @02:49AM
Buy SPCE and GME! Send it to $500! HODL!