Amazon CEO Jeff Bezos will step down this year, handing over leadership to Andy Yassi, head of the cloud division, the company said on Tuesday. Bezos will become Amazon's executive chairman. Bezos founded Amazon in 1994 and has since transformed it from an online bookstore to a mega-online retailer that sells and ships all kinds of goods around the world. Amazon's market cap surpassed $ 1 trillion in January last year under Bezos's leadership. It is now worth over $ 1.6 trillion. Yassi joined Amazon in 1997 and has led the Amazon Web Services cloud team since its inception. AWS continues to generate the majority of Amazon's revenue.
Bumble Inc.'s IPO took place on the Nasdaq last week under the ticker BMBL. The company operates two applications - Bumble and Badoo, where more than 40 million people communicate each month. The placement underwriters are Goldman Sachs, Citigroup, Morgan Stanley, J.P. Morgan, Jefferies, RBC Capital Markets and Evercore ISI. The main difference with Bumble is that only girls can write messages first. The app was created in 2014 by Whitney Wolf Heard, who was on the founding team of Tinder. Bumble and Badoo are among the top 5 most profitable iOS apps in 30 and 89 countries, respectively.
Tesla (NASDAQ: TSLA) is preparing an agreement with Indonesia in search of nickel for batteries. The company intends to secure supplies of this metal for its plant in Nevada, where it has a battery workshop. Tesla stock is responding moderately to reports that the EV industry is experiencing a surge in demand for key materials. Securities this week are up 3.8%. There is no big threat in terms of metal shortages now. Tesla has a diversified portfolio of suppliers, primarily in the domestic US market. For your information, Indonesia is the world's largest nickel producer.
Zoom Video Communications Inc. (NASDAQ: ZM), which develops solutions for corporate video communications, rose in price this week. Zoom Video announced the sale of approximately 4.2 million shares with the intention of raising $ 1.5 billion, a dilution of about 1.4% in the equity of its earlier shareholders. It is insignificant against the background of growth of almost 400% over the past 12 months, but usually such an event causes a drop in quotations. However, in the case of Zoom, the opposite happened - the shares went up, as the demand for the shares was very high. Zoom Phone is a corporate communications management platform that includes a telephone directory, video communication tools, statistics collection, and more. At the last auction, ZM was traded for 383.24 $
The company is the manufacturer of the famous casual shoes Crocs Inc. (NASDAQ: CROX) reported record sales in 2020. Strong sales of the brand's footwear have driven strong demand for crocs from healthcare professionals. Crocs sales in 2020 are forecast to be between $ 1.381 billion and $ 1.384 billion, up 12% year-on-year. Moreover, this is the highest income in the company's 18-year history. Note that Crocs's projected revenues may be significantly higher than the estimates provided by the company's management in the past quarter. Crocs shoes made of a special material, are easy to clean, provide comfort and help avoid unnecessary fatigue. It is because of this that the shoes are highly valued by medical workers who spend a lot of time on their feet. Crocs shoes are ideal for home use, home gardens, maritime transport and more. At the last auction, the CROX share cost $ 77.65, having risen in price over the past 12 months by almost 84%.