Ahead of its earnings later today, Amazon stock hit an all-time high during intraday trading and with it CEO Jeff Bezos’ estimated wealth hit $90.9 billion, Bloomberg reports. This number pushes the net worth of the Amazon founder past that of Microsoft founder Bill Gates, still sitting pretty with $90.7 billion, earning Bezos the title of world’s richest person.
Bezos ending the day as the world’s richest depends on Amazon (and Microsoft) stock holding steady. After the bell, Amazon will report its second-quarter earnings. Today’s jump in share price comes even as investors are expecting Amazon to announce a decline in year-over-year profits today, though the Street also expects revenues to skyrocket 22 percent to $37.2 billion.
Amazon has been riding high over the past year as its ambitions to offer an alternative to the world of brick-and-mortar retail has shifted into one that may completely upend it. In December, the company unveiled its Amazon Go concept stores, a move that made a lot more sense after it made its bid last month to acquire grocer Whole Foods for $13.7 billion.
Amazon’s market cap currently sits at $513 billion. Bezos own about 17 percent of the company. In addition to running Amazon, Bezos also owns the Washington Post and is starting a rocket company called Blue Origins.
A textbook example of absence blindness aka availability bias.
From this article:
It turns out that Microsoft has the largest number of the top 500 Open Source projects for any one entity. Microsoft has 24 projects, way ahead of Google and Pivotal (each having seven) and Red Hat, which has six…and they’re contributing significantly to external outside Open Source projects, such as Linux, Docker, and Kubernetes.
You can have this argument about Microsoft (which is still besides reality), but note that Microsoft accounts for barely 14% of Mr. Bill Gates wealth; so, no sir! Bill Gates is not part of a dying breed!
Who’s arguing? I made a statement take it or leave it. But then we are talking about the “commercial-ness” of a business you bring up a HALL OF FAME of open source projects.bros, how far na … Hows that for "argument?
There are tell-tale signs everywhere. I have an UNCLE who laughed at me when I said i still use a Windows PC, He is US-based, Lots and Lots and Lots are “rejecting” Windows or Microsoft generally, The company is losing its GRIP. or lets call it Edge, This is a Trend the world over. You need to just do a lil search. Do a random search … Market Share of the Android OS, The iOS and the Windows Phone … Remember Blackberry?
Dude i guess you dont understand how the stock market works you cant just make assertions from a stock graph at a particular timing. All this picture shows is that on 28 July at 1:19PM GMT -4, that the Microsoft stock took a dive.
Thats a pic spread over 5 years …I guess its you not me [quote=“ValentineO, post:10, topic:13540”]
Dude i guess you dont understand how the stock market works
[/quote]
I wish them (Microsoft) all the best. They currently have an asset base of approximately $195bn, made a 2016 operating income of $19.8bn, have a 43,000+ strong engineering team and a total workforce of approximately 114,000+ staff, they spend approximately $10.3bn on Research & Development yearly (making them #4 on the top 10 R&D spenders list globally); these do not seem like signs of a dying company. But, hey, your uncle can laugh at you if he wants.
Like I said, I wish them (Microsoft) all the best; what prompted my response was the relatively careless assertion by @Surh that Mr. Bill Gates is a dying breed. In all of this, Bill Gates own less than 5% of Microsoft and this share accounts for less than 14% of the man’s wealth - plus it took Bill Gates just a few hours (less than a day) to regain the title of “The Richest Man in the World” from Jeff Bezos; nigga is not a dying breed - show some respek to a technology legend @Surh
They may not be dying in all directions. Lol and talking about Bill Gates, he MAY not be part of a dying breed … Microsoft however … hmmmm … My reactions majorly were at @ukay 's bringing up open source … In the context of the Bezos story when someone says active I don’t think they meant “open source activity”
Bra! You need to calm down. What’s ‘Bill Gates’ without Microsoft; and what’s’Jeff Bezos’ without Amazon?
Funny enough, I have two personal PC, one running on Windows and the other on Mac. I use the windows more. Your choice of work-tool has nothing to do with productive.
And unless you affirm your uncle is a tech guru, I wonder what he knows about Operating Systems.
The Duo (Bill and Bezos) may be inseparable from the companies depending on how you decide to look at it. Bill Gates is till rich without Microsoft (someones perspective)[quote=“Engr_Abel_Akeni, post:6, topic:13540”]
but note that Microsoft accounts for barely 14% of Mr. Bill Gates wealth;
[/quote] On the other hand He started off with Microsoft, whatever he has now is most definitely an offshoot of Mcrosoft except maybe his parent’s money.
Erm … I agree with you about this [quote=“MrASulaiman, post:15, topic:13540”]
Your choice of work-tool has nothing to do with productive.
[/quote]
I have both a MAC and a PC now bro … However, You will testify, Your Mac doesn’t necessarily give as much issues as a Windows PC (This might be personal though, I use a relatively high-end PC, so its not my config)
User Experience is not about how Techie you are sir. Except we geeks, nerds and dorks are having a conference.
In America, philanthropy/charity is part of wealth preservation. There is no major billionaire in America who does not own a foundation. They have these for tax reasons.
And while I cannot deny that Bill Gates has done some good in his life, the notion that he has “given away $30 Billion of his money” is pure nonsense.
1 b: a coherent series of reasons, statements, or facts intended to support or establish a point of view
2 a : a reason given for or against a matter under discussion
I wasn’t in any way referring to:
1 c : an angry quarrel or disagreement
No, @Surh made a claim that “Microsoft has not been super active in recent times”, & I presented evidence to disprove that claim.
If you think there’s a flaw in my argument(s)/claim(s) or the fact tendered, you’re welcome to disprove it/them with facts. But first be sure to read what I actually wrote.
**On the charts you posted:**
You do realize the .01% decline highlighted in your chart is a daily measure, right?
From what I can see on [NASDAQ](http://www.nasdaq.com/symbol/msft/historical), Microsoft's share price closed at **$29.64** on Jul 30, 2012. It's closing price today (exactly 5 years later) is **$73.04**.
So, there's actually been a **218.19%** appreciation in share price.
Also,
From Microsoft’s Q1 2017 10-Q filing, they reported revenues of $22.09 billion and a net income of $4.80 billion.
Seems pretty active to me.
You might want to learn how to correctly interpret the information contained in stock charts.
