Friday’s Market Drop Wipes $26 Billion From Fortunes Of Jeff Bezos And 9 Other Billionaires

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Friday's market drop proved costly for many of the world's billionaires — but whose fortunes shifted the most?

was among the first to turn the tide late Thursday. Shortly after closing at a record high, Amazon reported earnings that missed Wall Street estimates — despite record first-quarter revenues of $75.5 billion. Amazon's outlook also put Wall Street on edge after disclosing plans to spend an estimated $4 billion on Covid-19 related efforts, including on protective gear for employees and higher wages for hourly teams.

Amazon shares sank 8% as a result on Friday, tanking its founder’s fortune. Bezos’ net worth fell $10.6 billion, erasing two weeks of gains from rising Amazon stock, which hit record highs amid surging consumer demand as a result of the pandemic. The firm’s second-quarter earnings forecast now includes the possibility of a net loss; the firm hasn't had a quarterly loss since 2015., was also hit. Her fortune fell $3.7 billion on Friday, the day's second-largest drop among billionaires.

 

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you all could have saved millions from dying everyday... not from coronavirus but from hunger around the world... before I mean and of course after this..

Did you know that 8 Million Kashmiris are being held hostage by Indian Military as you read this post? Source: The New York Times

افتحوا_الطيران_احنا_المغتربين

Suck my balls JeffBezos

Хм,я задумалась

GolpeDeGoverno GolpeDoSTF

now its time for india.

He will be alright.

'We are all here on earth.'

This is weird

Don't care, really, there are economic issues that would have us all riveted, and they could be financial, Steve Forbes, doesn't have a clue what is really happening - the financial news in on the floor of the country, not the exchange

Omg did it 🌝🙄

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Here's what happened to the stock market on FridayStocks slumped on Friday as shares of Amazon led the major indexes lower on the month's first day of trading. Reality overcame manipulation and fraud. Gonna crash Trump Depression!
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