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.
You can’t print BITCOIN 🤍
Who cares, they all suck. Greed is a disease. It’s killing our planet, and our government. Fight back, before it’s too late.
Warren Buffet!
Just ridiculous!
It’s just like loosing 10 millions for him. He still a billionaire. Every sec he makes millions
BernieSanders told me his wealth has grown a kabilliontrillionmillion
This is a tired story. Earlier in the week, MSM outlets were reporting on billionaires’ gains. Stop counting other people’s money... FakeNews
*billionaires You're Forbes. Need a copy editor?
'billionaire's' is so disappointing. Was this copy edited in China?
at this rate bezos is going to have to wipe his ass with toilet paper instead of $100 dollar bills like he does now. why are we talking about the unfortunate billionaires here?
It wiped out nothing. He didn't sell his shares. They are still going up this year and years to come.
Thoughts and prayers or bootstraps and gumption?
It wiped out nothing. He didn't sell his shared. They are still going up this year and years to come.
Debra Von Sant-McKenna oil tycoon heiress lost a few billion too. Thoughts n prayers.
We're not going to lose any sleep over this.
Thoughts n prayers. Btw the stock market has proven it is completely rigged. And is another failed victorian idea that should have never been tied to any economy. But ya got drunk off it. Now it's time to sober up.
Why an apostrophe?
I'm sure it wrecked their Quality of Life
Which billionaires are helping with the pandemic? Which billionaires are protecting their workers? Which billionaires are saying it's too soon for their employees to return? Those are questions I'd like to hear the answers to.
Wonder Why!?🤔 strike amazon sweatshop hazardpay
More than me... lol
Cough Cough LexLuthor
Good
Don't know. Don't care.
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