{"id":79658,"date":"2017-08-02T11:13:40","date_gmt":"2017-08-02T15:13:40","guid":{"rendered":"https:\/\/stateofthenation2012.com\/?p=79658"},"modified":"2017-08-02T11:13:54","modified_gmt":"2017-08-02T15:13:54","slug":"whats-going-on-with-jeff-bezos-and-amazon","status":"publish","type":"post","link":"https:\/\/stateofthenation2012.com\/?p=79658","title":{"rendered":"What&#8217;s going on with Jeff Bezos and Amazon?"},"content":{"rendered":"<h1>Jeff Bezos Was the Richest Person in the World for a Few Hours. Then He Lost $6 Billion Overnight<\/h1>\n<p><!--more--><br \/>\n<iframe src='\/\/players.brightcove.net\/2111767321001\/default_default\/index.html?videoId=5386561886001' allowfullscreen frameborder=0><\/iframe><\/p>\n<p>Maya Rhodan<\/p>\n<p data-reactid=\"219\">Maya Rhodan<br \/>\nFORTUNE<\/p>\n<p class=\"column small-12 medium-10 medium-offset-1 large-offset-2  text size-1x-large line-height-large _10M0Ygc4\" data-reactid=\"219\">At least\u00a0<a href=\"http:\/\/fortune.com\/fortune500\/amazon-com\/\" target=\"_blank\" rel=\"noopener\" data-reactid=\"221\">Amazon<\/a>\u00a0CEO Jeff Bezos can say he was once the\u00a0<a href=\"http:\/\/fortune.com\/2017\/07\/27\/jeff-bezos-net-worth\/\" rel=\"\" data-reactid=\"224\">richest person in the world<\/a>.<\/p>\n<p class=\"column small-12 medium-10 medium-offset-1 large-offset-2  text size-1x-large line-height-large _10M0Ygc4\" data-reactid=\"227\">On Thursday, after earnings expectations skyrocketed Amazon stock, Bezos dethroned longtime richest-guy-ever Bill Gates with an estimated wealth of $92 billion. But, alas, it appears it wasn&#8217;t meant to last.<\/p>\n<p class=\"column small-12 medium-10 medium-offset-1 large-offset-2  text size-1x-large line-height-large _10M0Ygc4\" data-reactid=\"230\">By Thursday afternoon, Amazon&#8217;s reported earnings fell short of expectations, and the retail giant&#8217;s stock went tumbling as a result.<\/p>\n<p class=\"column small-12 medium-10 medium-offset-1 large-offset-2  text size-1x-large line-height-large _10M0Ygc4\" data-reactid=\"232\">Because Bezos owns 16% of Amazon shares, his wealth took a dip right along with it.\u00a0<a href=\"http:\/\/www.cnbc.com\/2017\/07\/28\/jeff-bezos-fortune-falls-by-6-billion-overnight.html\" target=\"_blank\" rel=\"noopener noreferrer\" data-reactid=\"234\"><em data-reactid=\"235\">CNBC<\/em>\u00a0<\/a>estimates his net worth dropped by $6 billion between Thursday&#8217;s peak and early Friday.<\/p>\n<p data-reactid=\"232\">\n<p>___<br \/>\n<a href=\"http:\/\/fortune.com\/2017\/07\/28\/jeff-bezos-amazon-lost-6-billion\/\">http:\/\/fortune.com\/2017\/07\/28\/jeff-bezos-amazon-lost-6-billion\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jeff Bezos Was the Richest Person in the World for a Few Hours. Then He Lost $6 Billion Overnight<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-79658","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts\/79658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=79658"}],"version-history":[{"count":0,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts\/79658\/revisions"}],"wp:attachment":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=79658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=79658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=79658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}