Jeff Bezos is $20.5 billion more poor. The second richest man in the world lost this huge sum in 24 hours. Do not worry, however, because the entrepreneur still has a net worth of $148 billion as of April 30, according to Bloomberg Billionaire Index. Bezos is now over $100 billion from Elon Musk, the world's richest man. Read More...
TheStreet.com
Black Friday for The FAANG Who May Lose a Member
While concerns were already surrounding tech as the Federal Reserve hiked interest rates to curb inflation, there was still hope that tech tenors would provide some reassurance on the outlook for companies much more established. There was the hope that Apple , Amazon , Google (Alphabet) could make people forget the possible underperformance of Facebook (Meta) , or even Netflix . From the first quarter results of Facebook, Apple, Amazon, Netflix and Google, the famous FAANG, it appears that fears about a possible recession are well founded.
