Play the clanger! It’s February, and that’s the season for Silicon Valley moguls. Apple, for example, is already announcing its most profitable quarter, But now is the time for Jeff Bezos to rejoice. The CEO of Amazon is now $ 20 billion richer.
Amazon’s astronomical growth has been fueled by a number of things, including the large number of Amazon Echo devices sold in the run-up to Christmas, combined with regular Christmas shopping. More Prime subscribers, your business with cloud services and the opening of the cashless supermarket Amazon is going they offered the company a healthy rally in its actions. All this meant that Amazon ended its year with an all-powerful explosion, with a 38% increase in sales in the last three months of 2017.
The company reported fourth-quarter revenue of $ 60.5 billion, nearly $ 1 billion more than analysts had predicted, pushing its shares to more than 6.5 percent.
Although there are reasons to celebrate at the Bezos house (s), it is a little darker in Google. Alphabet suffered a loss, which means they both lost $ 3 billion, mainly due to a $ 9.9 billion tax after the change Trump’s American tax law.
Facebook boss Mark Zuckerberg, on the other hand, earned another $ 2 billion, despite revealing that time on the social network had decreased by 50 million hours a day in the fourth trimester. This seems like a huge decline, but among the massive Facebook readers, it only translates to about two minutes for each user.
The increase in Bezos’s fortune comes when, just last month, has strengthened its participation as the richest person in the world, surpassing previous incumbent Bill Gates.
Picture: James N. Mattis , used under Creative Commons