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Al Mayadeen's correspondent: Two were martyred in an initial toll of the Israeli drone strike that targeted the al-Asira neighborhood in the city of Baalbek, eastern Lebanon
Al Mayadeen's correspondent: An Israeli drone strike targeted the al-Asira neighborhood east of Baalbek, eastern Lebanon
Sheikh Naim Qassem to the pager attack survivors: You are the greatest resistance. Know that 'Israel' will fall because it embodies aggression, crime, and occupation; victory is truly yours
Sheikh Qassem to the pager attack survivors: The value of what you are doing despite your wounds is immense, and here you are, treading the path of the Master of Nation's Martyrs and the leaders
Sheikh Qassem to the pager attack survivors: You are moving forward with insight deeper than sight itself. The enemy sought to eliminate your role in the battle, yet you remain steadfast and continue the fight
Hezbollah Secretary-General Sheikh Naim Qassem to the pager attack survivors one year later: You are healing from your wounds and rising above them. You have successfully passed the test
Palestinian media: Reports of stabbing operation in occupied al-Quds.
Israeli media: Sirens blare in Arava in South, near Ramon Airport.
Egyptian PM Mostafa Madbouli: Egypt is targeted in plans to redraw regional map
AEOI Chief Mohammad Eslami: Our presence in IAEA General Council and fact-checking helped in preventing unilateral rhetoric that aims to portray Iran as an unregulated country

Bezos' wealth could be halved after Amazon's quarterly report: Reports

  • By Al Mayadeen English
  • Source: Agencies
  • 28 Oct 2022 15:58
2 Min Read

Seattle-based company Amazon's shares dropped close to 21% in extended trading after the company published its holiday quarter report.

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  • Amaon CEO Jeff Bezos
    Amaon founder Jeff Bezos

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The fortune of Amazon CEO Jeff Bezos could be nearly halved this week from its last year's record high as the forecast of the company's quarterly report triggered a strong drop in the value of its shares, Bloomberg reported on Friday. 
 
On Thursday, Amazon published a financial report that disappointed investors, and the fall in the value of its shares after the close of trading reached 21%. At the same time, in the first nine months of the current year, Amazon received a net loss of $3 billion against a profit of $19.041 billion for last year's same period. According to the results of the third quarter, Amazon's net profit decreased by 9% to $2.872 billion. 
 
If the drop continues at the close of today's trading, Bezos' fortune will automatically fall by $23 billion to $111 billion, according to Bloomberg. This is almost twice less than in July 2021, when his fortune reached $214 billion. 
 
Since this year's beginning, Bezos has lost more than $58 billion, while on Thursday alone, he lost nearly $5 billion, according to the Bloomberg Billionaires Index (BBI).
 
Bezos, Forbes says, was for four years the wealthiest person in the world, but in the April ranking, Elon Musk replaced him. Today, both Forbes Real-Time and BBI say that he is the third richest man after Musk and Louis Vuitton Moët Hennessy owner Bernard Arnault.

  • Jeff Bezos
  • Billionaires
  • Amazon

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