After years of unbridled growth, e-commerce tools purveyor Shopify (NYSE: SHOP) was hit by a perfect storm. Each of these factors weighed on Shopify, which shed as much as 85% of its value since late last year. Late last week, Shopify reported an encouraging start to the holiday shopping season.
(Bloomberg) -- Amazon.com Inc.’s top media executive, Jeff Blackburn, plans to retire at the start of 2023, and the division will be overseen by two current executives who will report directly to Chief Executive Officer Andy Jassy.Most Read from BloombergMusk’s Neuralink Hopes to Implant Computer in Human Brain in Six MonthsLarry Summers Says Fed Will Need to Boost Rates More Than Markets ExpectGoldman Jolts Traders With Bonus Warning After Bumper HaulMusk Suspends Ye From Twitter After Offensiv
Amazon.com Inc's top media executive Jeff Blackburn plans to retire at the start of 2023, the e-commerce giant said on Friday. The company said that the media and entertainment businesses, led by Blackburn since May last year, will be overseen by two current executives, Mike Hopkins and Steve Boom, who will report directly to Chief Executive Officer Andy Jassy. The businesses include Prime Video, Amazon Studios, Music, Audible, Games, and Twitch.