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

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.

They still have more than enough to live like a normal person... without pandemic... not feeling sorry... at least they are not sick or any family member dead or ill ..are they still taking care of their workers?

Boohoo? It’s like me losing a penny. Please report on relevant news.

🐍

Boo-effing-hoo...

WHEN THE GOVERNMENT STOPS THE $600 BONUS, AND PEOPLE DO NEED TO RETURN TO WORK THE JOBS WILL NO LONGER BE THERE smoke_and_mirrors

Question: How much is a one time payment of $1200 REALLY worth to a millionaire or billionaire? Where is the reactionary footage to that question from those millionaires and billionaires(i.e. Buffet..Charlie Monger..Koch bros...Bezos..etc)?

Bezos practically a skid row bum now......

Hard to pity when the number of unemployed is increasing.

Poor thing, lets play him a sing with the smallest violin

time to go in

This temporary fluctuation will follow by a significant soar in their fortunes. Through crisis, counless fortunes are made

What do you expect? Everyone to feel sorry? Lost money can be found. Lives cannot.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Friday’s Market Drop Wipes $26 Billion From Fortunes Of Jeff Bezos And 9 Other BillionairesFollowing a month of stock recovery, concerns about dwindling profits and renewed U.S-China trade tensions triggered sharp net worth declines for some of the world’s richest people. Omg did it 🌝🙄 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
Source: Forbes - 🏆 394. / 53 Read more »

Friday’s Market Drop Wipes $26 Billion From Fortunes Of Jeff Bezos And 9 Other BillionairesFollowing a month of stock recovery, concerns about dwindling profits and renewed U.S-China trade tensions triggered sharp net worth declines for some of the world’s richest people. Good Don't know. Don't care. I'm sure it wrecked their Quality of Life
Source: Forbes - 🏆 394. / 53 Read more »

U.S. House Panel Calls On Amazon's Bezos To Testify On Company PracticesThe Judiciary Committee called on Amazon founder Jeff Bezos to testify to the panel about “competition concerns.”
Source: HuffPostWomen - 🏆 27. / 68 Read more »