Jeff Bezos loses $13.5 billion as Amazon share price plunges

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Share price tumble vanishes 80 per cent of gains made this year by world’s richest person

It is Amazon’s second-quarter results that have done damage to Mr Bezos’s wealth. The after-market results on Thursday didn’t meet Wall Street’s expectations and possibly signalled the beginning of the end of the sales increase for the online retail giant fuelled by the pandemic when consumers relied on the company to avoid going to stores.

 

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GOOD

Share price doesn’t mean anything. He cannot well his shares on stock market when it goes up anyway and company value usually is not the price on the stock market. so going up and down news is not propaganda

Lol

This is something all those pushing for a 'wealth tax' stay quiet on. Will he get a rebate now?

bummer

Are we getting gofundme going for him? I imagine he's a little sad.

Oh no, think of the lost tax revenue.

Oh no 13.5 billion out of his 200 billion :(

Fuck Bezos.

Hope he loses all

My heart bleeds….

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