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Didn't enjoy your Christmas? Jeff Bezos just lost $6 billion on his.
Amazon reported profits for the holiday quarter on Thursday that missed Wall Street expectations, and shares plunged in response.
As of 4:15 p.m. ET, the stock was down 12.5 percent, or $79.67 per share.
Given the Amazon CEO's 82.9 million shares in the company, his paper after-hours loss was about $6.61 billion.
Of course, wild earnings swings are nothing new for the man who ranks fourth on Forbes' billionaires list. |
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