Saturday, July 31, 2021

Jeff Bezos loses $13.5 Billion after Amazon disappointment


(Bloomberg) — Amazon.com Inc.’s weaker-than-expected second-quarter results has sent its founder’s fortune tumbling. The net worth of Jeff Bezos fell $13.5 billion after Thursday’s after-market results missed Wall Street’s expectations and foreshadowed an end to the retailer’s pandemic-fueled sales surge. The drop erased 80% of his wealth gains for the year. Amazon’s shares dropped 7.2% […]

source https://www.seattletimes.com/business/jeff-bezos-loses-13-5-billion-after-amazon-disappointment/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_technology

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