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Ilya St
October 25 10:04

Amazon's net income decreased by 26%

The published reports showed the current profit of Amazon for the 3rd quarter of 2019, which amounted to $2.13 billion. The same indicator last year was $2.88 billion 

Amazon released its financial results for the third quarter of 2019: Net income decreased by 26%.

This disappointed investors, as a result of which the company's shares fell by 9%. CNBC estimated that Amazon founder Jeff Bezos lost about $6.9 billion.
Bezos is now at the top of the billionaire list. However, if such falls continue, his place could be taken by the co-founder of Microsoft Bill Gates, CNBC notes