{"id":952762,"date":"2025-08-05T12:11:01","date_gmt":"2025-08-05T06:41:01","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=952762"},"modified":"2025-08-05T12:11:01","modified_gmt":"2025-08-05T06:41:01","slug":"amazon-founder-jeff-bezos-loses-17-billion-after-amazons-earnings-what-may-have-triggered-the-fall","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/08\/05\/amazon-founder-jeff-bezos-loses-17-billion-after-amazons-earnings-what-may-have-triggered-the-fall\/","title":{"rendered":"Amazon founder Jeff Bezos loses $17 billion after Amazon\u2019s earnings; what may have triggered the fall"},"content":{"rendered":"<p>Amazon founder Jeff Bezos lost $17 billion last week. According to the Bloomberg Billionaire Index, the tech billionaire\u2019s wealth dropped from $254 billion on July 31 to $237 billion on August 1. The decline comes following the company\u2019s second quarterly results last week. According to a Benzinga report, investors were unimpressed with the company\u2019s second-quarter earnings as the company\u2019s stock tumbled by 8.27% on August 1. Amazon reported $167.7 billion in revenue for the second quarter, a 13% increase compared to the same period last year. This figure exceeded market expectations, which had forecast revenue of $161.9 billion. The company also posted earnings of $1.68 per share, beating analyst estimates of $1.30 per share.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon founder Jeff Bezos lost $17 billion last week. According to the Bloomberg Billionaire Index, the tech billionaire\u2019s wealth dropped from $254 billion on July 31 to $237 billion on August 1. The decline comes following the company\u2019s second quarterly results last week. According to a Benzinga report, investors were unimpressed with the company\u2019s second-quarter earnings as the company\u2019s stock tumbled by 8.27% on August 1. Amazon reported $167.7 billion in revenue for the second quarter, a 13% increase compared to the same period last year. This figure exceeded market expectations, which had forecast revenue of $161.9 billion. The company [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-952762","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/952762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=952762"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/952762\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=952762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=952762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=952762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}