Amazon’s amazing results, Bezos steps down as CEO – With insights from The Wall Street Journal
Amazon shareholders will today celebrate a smashing final quarter of 2021 after the group last night reported an astonishing 44% surge in revenues – the number growth companies always measure themselves by. But some Amazon co-owners may be concerned that founder Jeff Bezos is handing over the CEO reins. This news which dampened the market's reaction to the stonking financial results, with a share price edging only +1.1% higher. I'm willing to bet, though, once it sinks in that becoming executive chairman simply means Bezos is moving up to a newly created level (while keeping his hands firmly on what matters) those flutters will calm down. Here's last night's news from our partners at The Wall Street Journal. – Alec Hogg
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