The business reached several new highs in the 2010s, as CEO Jeff Bezos introduced the world to Alexa, made a $13.7 billion purchase of Whole Foods, and redefined the e-commerce space. Today, Amazon has a market capitalization of $1.7 trillion. Stone wrote that Bezos and Shaw's goal was to build "an Internet company that served as the intermediary between customers and manufacturers and sold nearly every type of product, all over the world." He plans to dedicate more time toward philanthropy and his other investments in The Washington Post and Blue Origin, his aerospace company.īezos' grew Amazon from his desire to create an "everything store," an idea he'd discussed at length with his former boss David Shaw.īrad Stone, a New York Times best-selling author, published " The Everything Store" in 2013 and told the story of Bezos and Amazon. Bezos will remain executive chairman of the company.īezos is the world's richest person. Jeff Bezos is stepping down from his role as the CEO at Amazon, a position that he has held since he founded the company in 1994.Īndy Jassy, who's currently the CEO of Amazon Web Services, will take over as the next CEO, Bezos wrote in a letter to Amazon employees published Tuesday afternoon. Visit Insider's homepage for more stories.
A sales focus on books still molded the experience we have today - you can find anything on Amazon.
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