Amazon.com shares jumped 40% in two days on Wednesday and Thursday. That's great for shareholders, especially founder Jeff Bezos.
What a couple of days for shareholders of Amazon.com (AMZN, news, msgs). And what a couple of days for company founder and CEO Jeff Bezos. It was like the 1990s again.
Amazon shares soared nearly 27% Wednesday, from $44.75 to $56.81, after the company reported that first-quarter profits doubled from a year ago.
The shares jumped an additional 10.5% on Thursday, to $62.78. The total gain for Amazon.com over the two days: 40.3%.
The two days' gains boosted the company's market capitalization -- the value of all the shares trading in the public domain -- from $18.3 billion to $25.7 billion, a gain of about $7.4 billion.
For Bezos, who started Amazon.com in 1994, that meant the value of his 101.3 million shares in the company jumped in value from $4.53 billion to $6.36 billion, a gain of roughly $1.8 billion.
Story Here...
He made $1.8 billion in 2 days
Moderator: Site Admin
Well good for him.
"Every normal man must be tempted at times to spit upon his hands, hoist the black flag, and begin slitting throats." -Henery Louis Mencken (1880-1956)
"I might not be Airborne however, it's whats on my right sleave!"
*1992-1996 USMC CPL
* 12/2005- present USAR Medic PL/ Human Terrain Teams
"I might not be Airborne however, it's whats on my right sleave!"
*1992-1996 USMC CPL
* 12/2005- present USAR Medic PL/ Human Terrain Teams
" or " DAMMIT, I KNEW I should have bought Amazon stock when it was $ 3.50 a share... 
"
-
ChipOnShoulder
40% ain't shit....I bought VDSI at 7.50. 
1/10th SFG(A) Bad Toelz, FRG 85-88
Co. G/143rd INF (LRRS) 89-91
Rgr Class 6-92
Jack of all trades 92-present
"Hope and pray that you'll never need me,
But rest assured I will not let you down.
I'll walk beside you but you may not see me,
The strongest among you may not wear a crown." 3DD
Co. G/143rd INF (LRRS) 89-91
Rgr Class 6-92
Jack of all trades 92-present
"Hope and pray that you'll never need me,
But rest assured I will not let you down.
I'll walk beside you but you may not see me,
The strongest among you may not wear a crown." 3DD
RTO asked me....
I am not THAT rich!! But woulda been sweet!That looks really good.... but did you get 101.3 million shares ?
1/10th SFG(A) Bad Toelz, FRG 85-88
Co. G/143rd INF (LRRS) 89-91
Rgr Class 6-92
Jack of all trades 92-present
"Hope and pray that you'll never need me,
But rest assured I will not let you down.
I'll walk beside you but you may not see me,
The strongest among you may not wear a crown." 3DD
Co. G/143rd INF (LRRS) 89-91
Rgr Class 6-92
Jack of all trades 92-present
"Hope and pray that you'll never need me,
But rest assured I will not let you down.
I'll walk beside you but you may not see me,
The strongest among you may not wear a crown." 3DD
Re: He made $1.8 billion in 2 days
About the same salary as the Pastor. :DRTO wrote:
The two days' gains boosted the company's market capitalization -- the value of all the shares trading in the public domain -- from $18.3 billion to $25.7 billion, a gain of about $7.4 billion.
For Bezos, who started Amazon.com in 1994, that meant the value of his 101.3 million shares in the company jumped in value from $4.53 billion to $6.36 billion, a gain of roughly $1.8 billion.
Story Here...
I never wore a cape, but I still have my dog tags.
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Experienced Peek Freak!!
173rd Abn LRRP...'66/'67
C/1/506 101st Abn
B/2/325 82nd Abn
