PCR Takes a Look at Today’s “Top Stories”
“Here are today’s top stories on Bloomberg”
“Jeff Bezos briefly overtook Bill Gates as the world’s richest person. A surge in Amazon shares Thursday morning in advance of its earnings report gave Bezos a net worth of $92.3 billion, surpassing the Microsoft founder’s $90.8 billion fortune. In afternoon trading, Bezos remains ranked second on the Bloomberg Billionaires Index. Gates has held the top spot since May 2013.”https://www.bloomberg.com/news/articles/2017-07-27/bezos-surpasses-gates-as-world-s-richest-ahead-of-amazon-results?cmpid=BBD072717_BIZ&utm_medium=email&utm_source=newsletter&utm_term=170727&utm_campaign=bloombergdaily
“Jeff Bezos briefly overtook Bill Gates as the world’s richest person. A surge in Amazon shares Thursday morning in advance of its earnings report gave Bezos a net worth of $92.3 billion, surpassing the Microsoft founder’s $90.8 billion fortune. In afternoon trading, Bezos remains ranked second on the Bloomberg Billionaires Index. Gates has held the top spot since May 2013.”https://www.bloomberg.com/news/articles/2017-07-27/bezos-surpasses-gates-as-world-s-richest-ahead-of-amazon-results?cmpid=BBD072717_BIZ&utm_medium=email&utm_source=newsletter&utm_term=170727&utm_campaign=bloombergdaily
Amazon’s stock closed yesterday at $1,046 per share. Amazon’s profits do not support this extraordinary price. Apple, a very profitable company, has a share price of $150.56, an overprice itself.
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