Jeff Bezos Loses $2.8 Billion In A Day
Amazon.com was chipper late Thursday about its first-quarter earnings report. On Friday, Wall Street offered its view about the results and the outlook. It wasn’t pretty. Especially for founder and CEO Jeff Bezos. The shares fell 9.9% to $303.83, their lowest close since Oct. 9, when they finished at $298.23. The percentage loss was its largest since Jan. 31, when the shares fell 11% after revenue and profits missed forecasts.