On Tuesday, Amazon announced that Bezos would step aside this summer and assume the role of executive chairman so he can focus on new products and early initiatives being developed at Amazon.
Although Bezos is expected to still play a big role at the company, it is Jassy who will inherit the many challenges born from Amazon’s meteoric rise. Here are some of them:
Regulators around the world are examining Amazon’s business practices, specifically the way it looks at information from businesses that sell goods on its site and uses it to create its own Amazon-branded products. Bezos said at a hearing before Congress last summer that even though Amazon had a policy preventing employees from accessing seller data, he couldn’t guarantee that the policy wasn’t being violated.
Tech giants for decades have enjoyed light-touch regulation and star status in Washington, but calls for greater scrutiny have been growing. The