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   alt.politics.democrats   
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   From: democrat-criminals@mail.house.gov   
      
   https://nypost.com/2022/10/28/jeff-bezos-net-worth-plummets-by-12-billion-   
   as-amazon-stock-plunges/   
      
   Jeff Bezos was $12 billion poorer on Friday as Amazon stock fell by some   
   10% in early morning trading on Wall Street in the wake of a less-than-   
   stellar earnings report.   
      
   Amazon shares dropped by as much as 21% in after-hours trading on Thursday   
   after the company predicted sluggish sales for the holiday shopping   
   season.   
      
   A 21% drop in the stock price translates into a loss of $23 billion from   
   Bezos’ net worth.   
      
   But the price rebounded after the opening bell Friday.   
      
   The 58-year-old Bezos, whose wealth is tied to his ownership stake in   
   Amazon, had a net worth of $122.4 billion as of Friday, according to   
   Forbes’ updated list of the richest people in the world.   
      
   Bezos, once the world’s richest person, is now fourth on the list behind   
   Tesla and Twitter boss Elon Musk, French luxury mogul Bernard Arnault and   
   Indian businessman Gautam Adani.   
      
   Since July 2021, Bezos has seen his net worth fall by more than $90   
   billion as Amazon has shed nearly $1 trillion in value. At the height of   
   his wealth, Bezos was worth $214 billion thanks to Amazon’s stock, which   
   was trading at a record level of nearly $186 per share during the   
   coronavirus pandemic.   
      
   Bezos, who stepped down as CEO of the company he founded in July 2021,   
   owns a 10% stake in the Seattle-based e-commerce giant.   
      
   He has used his vast fortune to fund the privately owned rocket company   
   Blue Origin.   
      
   Bezos’ successor as CEO, Andy Jassy, has his hands full steering the   
   company through an inhospitable economic environment that has eaten into   
   profits of Amazon as well as other blue-chip tech giants like Meta and   
   Google.   
      
   Amazon on Thursday projected that its revenues in the final quarter of   
   this year would range between $140 billion and $148 billion — which is far   
   below analyst estimates of $155.15 billion.   
      
   The company reported third quarter revenue of $127.10 billion, which is up   
   15% year over year, but it missed Wall Street estimates of $127.46   
   billion.   
      
   A 21% drop in the stock price translates into a loss of $23 billion from   
   Bezos’ net worth.   
   Amazon Web Services, the cloud computing division that was long thought to   
   be the engine of the company’s meteoric growth, reported a 27.5% increase   
   in revenue for the quarter — the slowest pace of growth since 2014.   
      
   Bezos isn’t the only mogul whose wealth has dipped over the course of the   
   past year.   
      
   Mark Zuckerberg, who made a fortune after co-founding the social network   
   Facebook, has seen his net worth plunge from a record high of $142 billion   
   a year ago to just $36.7 billion.   
      
   Zuckerberg, who just two years ago was ranked third in overall wealth   
   behind Jeff Bezos and Bill Gates, now finds himself at No. 29 on the list   
   of richest people, according to Forbes.   
      
      
   --   
   "LOCKDOWN", left-wing COVID fearmongering.  95% of COVID infections   
   recover with no after effects.   
      
   No collusion - Special Counsel Robert Swan Mueller III, March 2019.   
   Officially made Nancy Pelosi a two-time impeachment loser.   
      
   Donald J. Trump, cheated out of a second term by fraudulent "mail-in"   
   ballots.  Report voter fraud: sf.nancy@mail.house.gov   
      
   Thank you for cleaning up the disaster of the 2008-2017 Obama / Biden   
   fiasco, President Trump.   
      
   Under Barack Obama's leadership, the United States of America became the   
   The World According To Garp.  Obama sold out heterosexuals for Hollywood   
   queer liberal democrat donors.   
      
   President Trump boosted the economy, reduced illegal invasions, appointed   
   dozens of judges and three SCOTUS justices.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)