Amazon shares jump after earnings
Amazon, Intel, Microsoft, and Google, all crushed earnings yesterday, but Amazon is the winner with the surge in shares to $1056 from$ 980. (Update now $1077)
Bezos was briefly the richest man in the world earlier this year, but an intraday reversal of the AMZN meant that it only lasted for a few hours — so he went out and bought Whole Foods.
During this time, shares of Microsoft are up nearly 9%. Bill Gates, once the property of 24% of the company, which would make him a value of about $160 billion, but it has given away and sold almost all of them, so it’s only worth $88.0 B-billion dollars, which places it slightly below the Bezos now.