Jeff Bezos Built Amazon Into a $1.8 Trillion Company. Here's How Andy Jassy Is Making It Worth Even More.
The tech giant appears to be in good hands.
Overview
Jeff Bezos founded Amazon (NASDAQ: AMZN) in 1994 and served as its CEO until July 5, 2021. From the company's May 1997 initial public offering through the day he stepped aside, Amazon's market cap grew from under $500 million to $1.8 trillion. That's a remarkable record, and created immense wealth for patient shareholders.
Bezos' successor, Andy Jassy, has overseen a 50% increase in Amazon's market cap to $2.7 trillion. However, the company's current size shouldn't dissuade people from investing.
Details
Here's why Jassy should continue to oversee strong profit growth that drives further stock price gains.
Source
Originally published at www.fool.com.
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