Amazon founder Jeff Bezos loses $20 billion in a day amid poor quarterly results
Shortpedia
Content Team
Image Credit: zee news
On Friday, Jeff Bezos lost roughly $20.5 billion when Amazon Inc's stock fell 14% following the company's quarterly report. According to Bloomberg, Amazon posted a quarterly deficit and the lowest sales increase in more than 20 years. The e-commerce behemoth lost $3.8 billion in the March quarter, compared to a profit of $8.1 billion in the previous year's equivalent quarter.
