Jeff Bezos just passed Elon Musk to retake the position as the richest person in the world
source : Bloomberg Billionaire Index
As the stock market opens today, Amazon will officially become a member of the Dow Jones Industrial Average.
#newmembers #finance
Alphabet $GOOGL and Amazon $AMZN likely to follow Meta's lead by announcing their first ever dividend payments this year
Source: Goldman Sachs, Barchart
Bezos Sells $2 Billion of Amazon Shares in First Major Stock Sale Since 2021
Jeff Bezos unloaded 12 million shares of Amazon.com Inc. this week, the first time the billionaire has sold the company’s stock since 2021. The Amazon founder has sold over $30 billion in shares since records going back to 2002, including about $20 billion combined in 2020 and 2021. He has primarily been gifting stock, including shares worth roughly $230 million that were given to nonprofit organizations in November. source : yahoo!finance, bloomberg
Amazon on Thursday reported fourth-quarter results that sailed past analysts’ estimates, and gave strong guidance for the current quarter.
The stock climbed more than 8% in extended trading. $AMZN Amazon Q4 FY23: • Revenue +14% Y/Y to $170B ($3.7B beat). • Operating margin 8% (+2pp Y/Y). • FCF $37B TTM. AWS: • Revenue +13% Y/Y to $24.2B. • Operating margin 30% (+5pp Y/Y). Q1 FY24 Guidance: • Revenue ~$138-$143B ($142B expected).
