Amazon CEO retired and left an unceasing legacy behind

Jeff Bezos handed over the role of Amazon chief Executive to Andy Jassy and he has turned his attention to private space exploration firms and philanthropy. Bozos have left an enduring legacy after he has developed Amazon from an online bookseller to one of the world’s most powerful corporations. Today Amazon’s market value is more than 1.7 trillion dollars.

Bozos have transitioned from books to other wholesale goods to an online marketplace. He has built the cloud infrastructure of the company which made a huge profit for the company. Bozos were one of the finest business architects of his time and he worked with the concept of e-commerce to make it perfect.

Bezos’s departure from Amazon raises the question about its future. The US lawmakers have already considered a measure that will help to break up Amazon. Critics have said that Amazon’s focus on efficiency has made its workers like machines. Critics have said that Amazon might have become a victim of its own success and it will be broken up into two parts. This might become a reason for loss for shareholders.

Bezos frequently describes his early days at Amazon, which began in his garage with him packing orders and driving boxes to the post office. Amazon is now worth more than $1.7 trillion on the stock market. It expects $386 billion in yearly sales in 2020 from e-commerce, cloud computing, grocery, artificial intelligence, streaming video, and other businesses.

According to Roger Kay, an analyst with Endpoint Technologies Associates, Bezos “had an instinct for the right thing” when it came to identifying the next market.

Bezos, according to Kay, shifted seamlessly from books to other items to an online marketplace and established the company’s cloud architecture, which became the very profitable AWS.