Blue Origin

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BLUE ORIGIN, LLC

Jeff Bezos is Stepping Down as Amazon CEO

In a letter to Amazon employees published Tuesday afternoon, Bezos announced he would transition to the executive-chairman role and focus on "new products and early initiatives."

"Being the CEO of Amazon is a deep responsibility, and it's consuming," Bezos wrote. "When you have a responsibility like that, it's hard to put attention on anything else."

Jeff Bezos Sold Amazon Stock Worth Several Billion Dollars

Amazon CEO Jeff Bezos sold Amazon stock worth several billion dollars in just one week, according to TechNews.bg, quoting Reuters. The company didn't officially comment on the transaction.

On Thursday and Friday, the CEO of the largest online retailer offloaded $ 990 million worth of shares, and Amazon's total shares which were sold by Bezos last week reached $ 2.8 billion.

Scientists from the Bulgarian Academy of Sciences are Developing a Reusable Space System

Scientists from the Institute of Mechanics at the Bulgarian Academy of Sciences (IMEh-BAS) are working on creating a multiple-use rocket system that will be cheaper, safer for the environment, and more efficient than existing US "recycling" missiles.

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