Diamonds and Dogs
Nice bump for the new CEO. Amazon (AMZN) is up 3% to a new recent high as Andy Jassy succeeds founder Jeff Bezos on the 27th anniversary of the founding of the company. Jassy, who has been with Amazon.com for 24 years, has been running the company's Amazon Web Services business. Bezos remains the company's executive chairman, largest shareholder, and astronaut-in-chief.
China does it again. The Chinese driving app (DIDI) is down 20% today after an IPO just last week. Another Chinese crackdown by regulators by the Beijing's Cyberspace Administration ordered app stores to remove the Chinese ride-hailing giant's services from its platforms on Sunday. Other Chinese US listed stocks are taking a hit as well.
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