News Formal

Jeff Bezos gets $11B richer after Amazon earnings smash expectations

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Canada News News

Jeff Bezos is poised to get $11 billion richer after Amazon's earnings smashed expectations

, per a filing from June, so will make $11.3 billion if those gains hold up until the closing bell, according to Insider's calculations.after-hours Thursday that showed a surge in online sales lifting its revenue and profits in the three months ending June 30.

Both of those key numbers came in way above Wall Street analysts' expectations, per data from Refinitiv.that's seen investors pile into mega-cap Big Tech stocks. Bezos, who holds a 10% stake in the company he founded in 1994, has seen his wealth jump $47 billion in 2023, according to the

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jeff Bezos’ Blue Origin is a ‘work-from-work’ company, says leaked email tightening office mandateAccording to a leaked company memo, Jeff Bezos’ Blue Origin shocked staffers by telling them they must report to an office five days per week.
Source: nypost - 🏆 91. / 67 Read more »