Amazon’s shares in New York closed the day with a 4.69% growth on Tuesday, currently at US$ 3,675.74, the biggest appreciation today in the S&P 500 index.
This feat comes just days after Andy Jassy took over as the American giant’s chief executive, replacing founder Jeff Bezos, former CEO after 27 years of service.
Who is Andy Jassy
Andrew R. Jassy born January 13, 1968 is an American businessman and CEO of Amazon. He is also one of the minority owners of the National Hockey League’s Seattle Kraken team.
On February 2, 2021, it was announced that Jassy would succeed Jeff Bezos as CEO of Amazon, with Bezos transitioning to CEO. The measure took effect on July 5, 2021.
As of Friday, when the stock rose 2.3%, the market value has already risen more than $100 billion, to $1.853 trillion. If the company values 7.8% more, it will become the third most valuable company on the market valued at more than $2 trillion, along with Apple and Microsoft.
Amazon has been seeing annual revenue growth of at least 20% since 2006 and in the first quarter of this year sales were up 44% over the same period in 2020, the company’s best quarterly growth rate since 2011.
Challenges for the new CEO
Amazon’s rapid growth has brought more challenges to the company, these same challenges are considered essential and will certainly be overcome by Andy Jassy to continue the excellent work he has been doing at the company.
Amazon’s business is also doing very well in other segments. AWS had good news on Tuesday that will be considered by the US Department of Defense, the new billion-dollar contract to build the network now for all the armed forces in the country.
There are rumors on the internet that Jeff Bezos has a short-term plan to visit space.