Amazon’s CEO Tells Investors ‘you may want to take a seat’

Amazon reported $75 billion in sales in the first quarter, but its profit declined.

Amazon’s expected expenditures going forward also could deliver a hit to the company in the coming quarters. Shares of Amazon were down 5.5% in after-hours trades following gains during Thursday’s regular trading session.

Bezos’s fortune, meanwhile, has surged by more than $24 billion since the pandemic took the broader market for a roller-coaster ride, according to Fortune. That rise has lifted his net worth to a stunning $148.6 billion, according to Forbes, making him by far the richest person in the world, even after relinquishing much of his wealth to his partner in divorce proceedings back in July.

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