The news was a sensation in the realm of Tech and venture. After almost 27 years at the head of Amazon, Jeff Bezos has quite recently reported that he will step down as Chief toward the finish of the primary portion of 2021. Jeff Bezos decided to report this at the hour of the declaration of Amazon's 2020 outcomes

It is generally simpler to declare awful news (for financial backers) subsequent to having reported the uplifting news.

Fortunately Amazon had a remarkable long term. The Covid pandemic has helped the incomes of all the GAFAs, and Amazon is clearly no exemption. The organization established by Jeff Bezos had incomes of $386 billion of every 2020, an increment of +38% contrasted with the financial year 2019.

The figures are confounding. To supplant him at the head of Amazon, Jeff Bezos has picked perhaps of his nearest partner. Without a doubt, it is Andy Jassy, the ongoing manager of the entirely beneficial AWS (Amazon Web Administrations) substance, who will supplant him as Chief of Amazon.

Jeff Bezos makes a stride back for two primary reasons as I would see it. I detail them here:

The Two Significant Reasons That Persuade Jeff Bezos To Step Down As Amazon Chief

The first is that he needs to have additional opportunity to dedicate to the genuine motivation behind his life: colonizing space.

By leaving operations to Andy Jassy, ​​Jeff Bezos will have much more time to devote to his company Blue Origin.

The second reason is that Jeff Bezos now wants to improve his image. He follows the example of Bill Gates, who left his post as CEO of Microsoft in 2000 and subsequently devoted himself to philanthropic works.

Twenty years later, few people still associate Bill Gates with Microsoft . He is more willing to associate himself with his foundation.Jeff Bezos is making this bet because he feels his tarnished image is hurting Amazon more and more. A recent example is the $10 billion JEDI contract that Amazon failed to secure, apparently because of the Washington Post editorial board, which is also owned by Jeff Bezos.

But why do we care if it goes or not. He is still Amazon's largest shareholder.

He owns more than 10% of Amazon shares, making him the richest person in the world.Considering this, it can be said that he is still one of the main shareholders of Amazon.

He can still influence, guide and promote it. He just doesn't work there.

But why should he resign as CEO? He explained that he wanted to fulfill his lifelong dream by colonizing space.I don't believe it. If you ask me, I think Mr. Jeff Bezos is jealous that Elon Musk became the richest man in the world by building rockets and battery cars (just kidding).

He wants to devote all his attention to his space company Blue Origin. Let's expect some new technologies to come from Blue Origin as well as SpaceX.

What is the future of Amazon?

• Amazon is currently one of the most profitable companies in the world, with a market value of more than $1.7 trillion. This is more than the GDP of all but ten countries on the planet. It is also by far the largest employer of technology companies.
• Constant expansion was the secret of Amazon's dominance.
• Amazon will certainly benefit from Jassi's extensive experience, deep organizational knowledge and technical skills.

Here's what you need to know about Andy Jassy, ​​the new CEO of one of the world's largest cloud computing companies.

• Andy Jassy joined Amazon in 1997 as a Marketing Manager: Jassy joined Amazon in 1997. Earlier in his career, he served as a case manager for MBI.
• Jassy gets an MBA fromHarvard Business School: Jassy got a job at Amazon after getting her MBA from Harvard Business School.
• Early in his career, Jassy served as Bezos’ technical assistant: In the early 2000s, he served as Bezos’ technical assistant.He was an important person who led Amazon to look outside just book sales.
• Jassy had begun Amazon Web Services (AWS): Jassy is known as the pioneer behind Amazon Web Administrations (AWS) inside the organization where he began the assistance with a group of 57 individuals. 
• Following 13 years, he got elevated to President at AWS. One of the vital purposes behind Jassy being the new Chief is because of his prosperity at AWS which changed over Amazon into a distributed computing organization from just web based business
• Jassy is 53-years of age and hitched with two children: Jassy is hitched to Elana Rochelle Caplan with two children and lives in Seattle, US.
• After Jeff Wilke resigned, it was nearly concluded that Jassy would be the following Amazon President: After buyer boss Jeff Wilke declared his retirement, it was very sure that Jassy would dominate.
• Perhaps of the greatest issue confronting Jassy is the deficiency of the Pentagon's $10 billion cloud contract with Microsoft. Unjustifiable impact on the interaction.
• Jassy possesses more than $30 million in Amazon stock: He supposedly claims more than $30 million in Amazon stock. At the point when he filled in as AWS President in 2020, his base compensation was $175,000.