According to reports billionaire entrepreneur and founder of Amazon, Jeff Bezos, will be moving out of his roll as Chief Executive Officer of the company. In a letter to the company's employees, Bezos explained that he would be moving into an Executive Chair position on the company's board.
Reports are out that there will soon be government hearings concerning recent activity surrounding GameStop stocks. The decision comes after the House Committee on Financial Services revealed that it would, "probe recent market instability".