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The big story: Jeff Bezos will step down as Amazon CEO Amazon announced today that founder Jeff Bezos will be transitioning from CEO to executive chair in the third quarter of this year. Andy Jassy, currently the CEO of Amazon Web Services, will be taking over as chief executive for the entire company. In an email to employees, Bezos said that this will allow him to devote more time to “Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and [his] other passions.” Jassy, meanwhile, had previously been identified as a likely successor. The tech giants Uber is buying alcohol...

Candu raises $5M to help software companies onboard users intelligently This morning Candu, a software startup that provides no-code web tools for SaaS apps, announced a $5 million funding round. TechCrunch caught up with founder Jonathan Anderson and lead investor Villi Iltchev, a partner at Two Sigma Ventures, to chat about the deal. First thing: This round, a bit like Scotch, has aged. It’s from March. And while it is very common for venture capital rounds to get announced after the fact, a nearly nine-month delay would normally be a stretch. However, Anderson explained that he wanted to...