AMZN) shares rise despite Bezos resignation

Amazon.com Inc (NASDAQ: AMZN) shares continued to rise in after-hours trading this morning (our time), despite news that Amazon founder and CEO Jess Bezos will be stepping back from the company.

This morning, we reported the shock news that Mr Bezos, who has lead Amazon since founding it way back in 1994, is planning to step down as CEO later this year. Mr Bezos will move to the less-active ‘executive chair’ role, while the head of the fast-growing Amazon Web Services Andy Jassy will step up to the CEO position.

Amazon and Bezos

Mr Bezos has long been synonymous with Amazon. After being the ‘brains behind Amazon’ as its founder, he has headed the company for its entire history. He has also become the world’s richest…