Amazon's stock hits record high after Jassy took over

This Monday, which was also the 27th anniversary of Amazon's founding, Bezos officially stepped down as Amazon CEO and Jassy took over . Due to its growing profits and revenues, Amazon's stock price has been on the rise recently. It is reported that it has doubled in the past two years. On Tuesday, Amazon's stock price rose by 3%, and the market value increased by more than $100 billion in two days , setting a record high.

For the new helmsman, the surge in stock prices has made a good start for him to take charge of Amazon. But people seem to be more curious about the successor. Who is Jassy? The newly appointed CEO Jassy was previously the leader of AWS (Amazon Web Service) and is deeply trusted by Bezos and other executives. He has worked at Amazon for 24 years and can be said to have witnessed the development of Amazon from small to large and strong, and he is also an old partner with Bezos. Based on the known information, people will more often label Jassy as a "technological talent" rather than a "management talent." Therefore, many people believe that in the future, the cloud computing that Jassy was previously responsible for will play a greater role in the development of Amazon.

In an interview with the New York Times in 2019, Jassy said that when AWS was first conceived and implemented, the process was not smooth and took a long time, but the entire team did not treat it as a test that could succeed or fail. They believed that even if no one used it in the early days, they would try their best. They believed that there was something there and would eventually find something that people thought was useful.

As he said before, AWS has succeeded. Today, Amazon's AWS has occupied one-third of the global public cloud market, and this proportion may continue to expand in the future.

We don’t know the exact direction of Amazon’s future, but we don’t know whether the new CEO will start with three or more things. What we do know is that the new CEO must solve the problems in front of him, such as complaints against the company and protection of employee rights.

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