Amazon’s Jeff Bezos Passes CEO Position To AWS Head Andy Jassy

Amazon headed into the final three months of 2020 having generated enormous revenue, though it spent billions to handle logistical issues introduced by the coronavirus pandemic, which saw the company struggle to keep up with a surge in orders in April. At the time, Bezos warned Amazon might spend more than $4 billion on dealing with the pandemic that quarter. Amazon projected it could spend that much again in the final three months of 2020 coping with the pandemic.

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