F: Bezos is $12.8bn richer after Amazon delivers strong holiday sales

Forbes magazine with Jeff Bezos

ID 136337847 © Dennizn | Dreamstime.com

By LoadstarEditorial

30/01/2020

FORBES writes:

Amazon’s Jeff Bezos has further cemented his position as the world’s richest person after the e-commerce giant reported a strong holiday quarter.

The company said on Thursday that quarterly profits and revenue grew by the double digits, easily surpassing analyst expectations. That news sent the stock up by about 12% in after-hours trading, adding a swift $12.8 billion to Bezos’ fortune, as of 4:55 pm Eastern. The Amazon founder and CEO is now worth $128.9 billion.

To read the full post, please click here.

The 8-K released today can be found here.

Comment on this article

You must be logged in to post a comment.

Topics

Amazon Forbes FBA fdx FedEx the ecommerce equation

Most Read

MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'

Hong Kong drops out of world's top 10 busiest container ports

How crazy is this: DSV goes hostile on Expeditors or CH Robinson?

Ecommerce series: etail by air – here to stay or on a short shelf life?

HMM sees opportunities in Hapag-Lloyd’s exit from THE Alliance

Capture of MSC Aries will further drive up Indian export costs

Cargo flows through Dubai delayed by flooding, with 300 flights cancelled

Carriers look to short-term gains over blanking, as Red Sea crisis props up rates

Liners unveil Asia-Europe FAK price hikes to arrest steady rate decline

Looks like rain: Panama Canal Authority eyes return to normal service

EXCLUSIVE: Kuehne + Nagel shockwaves in APAC

Another strong month for US ports as container flows continue to rise

Sustainability concerns don't show on shippers' procurement radar

Forwarders: can an airline do without them? An age-old debate airs

Talk of Schenker, Flexport et al – and a meagre lunch for forwarders

For forwarders, 'a hot Q4' will be all about controlling air cargo capacity