After breaking $ 3,500 in September, Amazon‘s (NASDAQ: AMZN) The share price stagnated for many months. Interestingly, it was the news of Jeff Bezos’ departure as CEO and Andy Jassy’s promotion to that position that helped lift stocks last fall. Now that Jassy has officially taken the reins, Amazon stock is up 7% in July, breaking the $ 3,700 mark for the first time. That’s a lot of investor confidence in Jassy’s leadership.
Airbnb (NASDAQ: ABNB) Equities, on the other hand, haven’t done quite as well this year. The biggest IPO of 2020 got off to a brilliant start with its debut on the stock exchange in December, but has since declined and has remained roughly unchanged since the beginning of the year. Is there less reason to be confident about Airbnb’s future? Let’s take a look.
The king of e-commerce
Amazon is not a secret. It dominates online retail and is arguably on track to become the world’s largest company by sales within …