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The Daily Chase: Bezos passes torch at Amazon; Reddit trade pauses after rout
Amazon.com s blowout fourth quarter performance is being overshadowed by news that Jeff Bezos is stepping away from the grind at the company he built. He ll transition to the role of executive chair in the third quarter and pass CEO duties over to Amazon Web Services CEO Andy Jassy. We ll explore what this new management structure could mean for investors, consumers and AWS clients in the years ahead.
REDDIT TRADES LOSE STEAM
After tumbling yesterday, shares of GameStop, AMC Entertainment and BlackBerry are little changed in pre-market trading. Plenty of questions remain about whether the violent market swings in heavily shorted stocks will result in new market regulations. On that front, U.S. Treasury Secretary Janet Yellen has called a meeting with top financial regulators. Reuters is reporting that meeting could take place as soon as Thursday. ....

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