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