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Jeff Bezos Makes $7 Billion in Under 45 minutes

3 days agoUnited States / Seattle : Slog

Amazon's newly constructed headquarters in downtown Seattle, designed by NBBJ. Charles Mudede Because Amazon jumped from $482 per share to $563 yesterday after a surprising earnings report, Jeff Bezos made 7 billion bones in under 45 minutes. Show More Summary

Jeff Bezos Riding High As Amazon Posts a Profit (Which Is Rare!)

Photo: Steve Jurvetson/Flickr Jeff Bezos is a very happy man this morning. Amazon is up nearly 15 percent in early trading after having surprised Wall Street analysts by doing the unthinkable and posting a profit for the three months ended June 30. Show More Summary

Amazon's profitability creeps toward software

SAN FRANCISCO — With the quarterly results Amazon reported late Thursday, CEO Jeff Bezos and the rest of the Seattle-based giant showed the world they've pioneered an Internet software business that’s not only fast-growing but profitable too.        

Amazon's Founder Made $7B in 45 Minutes Yesterday

Jeff Bezos is having a pretty good month, even by the standards of stratospherically wealthy tech tycoons. Last night, just days after the Amazon.com founder celebrated the company's 20th anniversary, he made $7 billion in under 45 minutes as the company's share price soared in after-hours trading, reports the...

Washington fact of the day

Jeff Bezos' net worth just went up by 29 Washington Posts https://t.co/QYX7CR1tBK — Matt Anderson (@MattAnderson_NY) July 23, 2015

Jeff Bezos just made about $7 billion personally off of Amazon's stock jump

Amazon's stock is up nearly 18% after hours after the company reported a surprise profit for the second quarter. The stock spike sent CEO Jeff Bezos' personal net worth soaring by about $7 billion. Bezos owns 83,921,121 Amazon shares, according to CNBC. Show More Summary

Jeff Bezos Just Gained $7 Billion In An Hour To Become World's Fifth Richest

Amazon.com CEO Jeff Bezos became the fifth richest person in the world on Thursday, after gaining more than $7 billion in a a single hour as Amazon stock spiked during after-hours trading Thursday. FORBES now estimates his net worth at $50.3 billion, as of 5:15 p.m. ET. During Thursday's earnings call, Amazon surprised investors by [...]

Amazon Just Became Bigger Than Walmart: Here's Why

MThe moment everyone has been waiting for has finally arrived, by which of course, we mean the moment when the market cap of AMZN would finally surpass Wal-mart. Just after 4pm Jeff Bezos' Amazon reported number that were quite impressive at first blush. Show More Summary

Sony eyes enterprise drone biz as next big little thing

A million and a half into Aerosense J/V with ZMP Sony has found a bottle of Jeff Bezos' Kool-Aid lying around, drunk it, and signed a deal with Japanese UAV outfit ZMP.…

Jeff Bezos's Space Company Is Now Taking Sign-Ups for Rocket Ship Rides

5 days agoUnited States / Seattle : Slog

Would seeing this from a Blue Origin spacecraft change who you are? Vadim Sadovski/Shutterstock Earlier this year, Jeff Bezos's spaceflight company, Blue Origin, launched its first rocket ship (a vehicle that both the Huffington Post and Mashable compared to a penis) to a height 307,000 feet above the earth. Show More Summary

Can microwave-powered shuttles make space travel cheaper?

How much does it take to launch a satellite? According to Rocket Lab's Peter Beck "You pretty much have to write a check for a billion dollars." Beck, along with Jeff Bezos and Elon Musk are part of a new wave of inventors looking to make this cheaper by developing low cost or reusable rockets for launches. Show More Summary

Amazon To Launch Prime Service In India, Readies Itself To Invest Up To $5 Billion

Jeff Bezos’ e-commerce giant Amazon is doubling down on its presence in India by launching its Prime service in the country.  The company is planning to invest up to $5 billion in the country, according to a report in India’s Economic Times. Show More Summary

Here's how Jeff Bezos chooses which Amazon shows to greenlight

Amazon Studios is having a great year. In January, it was the first streaming service to win a Golden Globe Award in the "Best Series" category, taking home the trophy for "Transparent," a dark comedy about a father who comes out as transgender. Show More Summary

17 quotes that show how Jeff Bezos turned Amazon into a $200 billion company over 20 years (AMZN)

Happy birthday, Amazon! The "Everything Store" went live 20 years ago today, though back then it only sold books. Jeff Bezos, founder and CEO of Amazon, has built a company with a $200+ billion market cap by being incredibly smart and business savvy, so we rounded up some quotes that show his genius. Show More Summary

As Amazon turns 20, a look at its biggest bets

It narrowly escaped the dot-com bust of 2000 to reinvent online retailing. [...] eventually, it morphed into the global e-commerce powerhouse it is today with $89 billion in annual revenue. Led by its 51-year-old founder, Jeff Bezos,...Show More Summary

Amazon customers were buying stuff at a rate of 398 products per second at the peak of yesterday's Prime Day event (AMZN)

People were quick to poke fun at some of the products on sale during Amazon's "Prime Day" shopping event — like krill oil and tubs of lube — but CEO Jeff Bezos is the one laughing now. The company says it sold 18% more units during yesterday's sale than on Black Friday 2014. Show More Summary

Simple Is Hard: Design Secrets of Jeff Bezos and Steve Jobs

Jeff Bezos and Steve Jobs knew that simple is hard, but it's also an incredible competitive advantage. So make the time up front to think hard and makes things simple; your customers will thank you.

8 Books Jeff Bezos Thinks Every Boss Should Buy

Amazon's fabled CEO gives his recommendations for world's best business books and then I make fun of them.

Prime Day was an excuse for Amazon to unload useless crap – and thanks to suckers, it was a massive success

Jeff Bezos is laughing all the way to the bank. Amazon announced on Wednesday afternoon that its first ever Prime Day was a smashing success with peak order rates that “have already surpassed 2014 Black Friday.” DON’T MISS: Prime Day:...Show More Summary

Here's what Jeff Bezos says he's looking for in an Amazon show

Amazon Studios is having a great year. In January, it was the first streaming service to win a Golden Globe Award in the "Best Series" category, taking home the trophy for "Transparent," a dark comedy about a father who comes out as transgender. Show More Summary

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