Oracle’s Larry Ellison stepped down as CEO in 2014. Google’s co-founders Larry Page and Sergey Brin relinquished their executive positions in parent company Alphabet in 2019. A report by the House Judiciary Committee in October called for possibly breaking up Amazon and others, making it harder for them to acquire companies and imposing new rules to safeguard competition.Īmazon is one of the last of the biggest tech giants to have a founder as CEO. Amazon and other tech giants have enjoyed light-touch regulation and star status in Washington for decades, but calls for greater regulation are growing. The company is one of the most valuable in the world, worth nearly $1.7 trillion.īezos’ riches have also swelled: His stake in Amazon is worth $180 billion. It now produces movies, makes sofas, owns a grocery chain and even has plans to send satellites to space to beam internet service to earth. Bezos convinced his parents and some friends to invest in the idea, and Amazon began operating out of the Bezos’ Seattle garage on July 16, 1995.Īmazon has gone far beyond selling paperbacks. While Scott drove, Bezos wrote up the business plan for what would become. Shaw and married in 1993, set out on a road trip to Seattle - a city chosen for its abundance of tech talent and proximity to a large book distributor in Roseburg, Oregon. He and his wife, MacKenzie Scott, whom he met at D.E. Bezos quickly determined that an online bookstore would resonate with consumers. Shaw to start an online retail business - though at first he wasn’t sure what to sell. He got a degree in electrical engineering and computer science at Princeton University, and then worked at several Wall Street companies. As a child, Bezos was intrigued by computers and interested in building things, such as alarms he rigged in his parents’ home.
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