Friday, January 29, 2016

THE ECONOMY CHICKEN OF THE POTUS BHO CHAOS HAS FINALLY COME TO ROAST THE AMERICAN SAVINGS AS LOSSES KEEP MOUNTING FROM THE MADE UP ECONOMY THAT ALL IS WELL AS MARKET RETIREMENT MONIES FOR THE MIDDLE CLASS KEEPS PLUNGING UNDER THE DEMOCRAT POTUS BHO CHAOS WHO HAS HAD NO BUSINESS SENSE TO RUN THE BIGGEST ECONOMY IN THE WORLD FOR THE DRIVE DOWNWARD IS THE LEFTIST AGENDA CALLED SOCIALISM - AMAZON MARK BEZOS LOSSES $6BILLION AMONGTS THE AMERICAN PEOPLE EVEN WALMART SINCE AMERICANS CAN'T SPEND ENOUGH WANTS TO FULFILL ITS GOALS SINCE THERE'S NOT ENOUGH PEOPLES IN THE WORK FORCE WITH 95 MILLION NO LONGER LOOKING TO DO THE SPENDING


Amazon CEO Jeff Bezos has lost more than $6 billion in after-hours trading on Thursday, as Amazon’s stock dropped in response to the company’s fourth quarter earnings report. He’s also lost his ranking as the fourth richest person in the world.
As of 5:00 p.m. ET, Bezos was worth $49.8 billion, barely holding on to his place as the world’s fourth richest person. By 5:30 p.m. ET, Bezos had lost another $800 million dollars, which puts him in fifth place behind Carlos Slim Helu of Mexico, who is now the fourth richest person in the world with a net worth of $49.6 billion.
Investors expected a positive report from Amazon, but the company missed analyst expectations in its fourth quarter earnings report. Amazon reported a profit of $1.00 per share, while analysts expected an average profit of $1.56. In response to the news, the stock fell to a low of $545.97 after hours from its closing share price of  $635.55 per share. As of 5:00 p.m. ET, Amazon was trading at $562.80. 
While Bezos’ fortune fell more than $6 billion in the first hour of after-hours trading, the billionaire’s net worth has still increased dramatically in the past year.  Bezos’ net worth is up more than 40% since Forbes published its annual Billionaires List in 2015. At that time, he was the 15th richest person in the world with a net worth of $34.8 billion.
Bezos first appeared on Forbes’ list of the 400 Richest Americans in 1998, four years after he founded Amazon, with a net worth of $1.6 billion.

http://www.forbes.com/sites/katevinton/2016/01/28/jeff-bezos-loses-6-billion-as-amazon-shares-drop-after-hours/#66a245357fdb

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