- Amazon CEO Jeff Bezos to step down (Deseret News) – The news about Bezos came during Amazon’s fourth-quarter earnings report, according to CNN. The company exceeded Wall Street projections due to the pandemic boosting retail and cloud business sales.
- Jeff Bezos to step down as Amazon CEO, Andy Jassy to take over in Q3 (CNBC) – Bezos said he will stay engaged in important Amazon projects but will also have more time to focus on the Bezos Earth Fund, his Blue Origin spaceship company, The Washington Post and the Amazon Day 1 Fund.
- Treasury Secretary Janet Yellen to call regulator meeting on GameStop volatility, seeks ethics waiver (CNBC) – “Secretary Yellen believes the integrity of markets is important and has asked for a discussion of recent volatility in financial markets and whether recent activities are consistent with investor protection and fair and efficient markets,” Treasury spokeswoman Alexandra LaManna said.
- As GameStop stock crumbles, newbie traders reckon with heavy losses (Washington Post) – The Reddit forum that helped kick off the frenzy has given way to anxiety, financial bloodshed and infighting.
- The GameStop stock roller coaster has come to the dip (The Verge) – The losses aren’t real ‘til you sell, but they sure feel that way.
