Analysts estimated operating profit of US$863.5 million, and shares fell as much as 4.3 per cent to US$1,001.80 in extended trading on Thursday after the forecast and earnings were reported.
Jeff Bezos, chief executive officer of Amazon.com Inc. and founder of Blue Origin LLC, speaks during the 32nd Space Symposium in Colorado Springs, Colorado on April 12, 2016. Well, he is the second-richest now.
And Amazon will be spending even more to buy Whole Foods if the deal goes through, as expected.
Earlier this week, Jeff Bezos became the single wealthiest person in the world after a healthy bump in Amazon's stock price on Thursday morning sent the CEO's net worth to an incredible $90.9 billion on the Bloomberg Billionaires Index. India can even beat China in terms of population and government-friendly policies.
Grocery is the latest to feel the threat. In that case, which originally began in 1998, a judge ruled in favor of the Department of Justice that Microsoft was developing a monopoly in the web browser market and intimidating its competitors, The Times reported. All along the way, Amazon used technology and sheer force to ruthlessly cut prices.
He also owns the Washington Post and is a volunteer firefighter.
Bezos, a relative newcomer to the top of Forbes' list, has benefited from the seemingly boundless expansion of Amazon into new markets. It will continue to invest in expanding infrastructure and bringing in solutions to enhance consumer and seller experience in the country, the report said. Amazon has helped many successful companies develop their prototype, find manufacturers, locate funding and market their products.
Anyhoo, the project that has been receiving most of his attention is called Unity Biotechnology - a controversial project which is aiming to 'make the debilitating consequences of ageing as uncommon as polio'.
Specifically, I'm talking about the listening devices embedded in products like the Amazon Echo and Google Home.
Bezos has been hailed as the smartest guy in business for turning a bookselling platform into a disruptive force that has flipped traditional retail on its head.
Keep in mind, the vast majority of these jobs are packing and sorting jobs in warehouses around the country, and Amazon's reputation for treating their warehouse employees is uh, not what you'd call "inspiring" in a Glassdoor review. That topped expectations of $37.2 billion. It also has some of the best margins of all of Amazon's lines of business, and it continues to grow at a very healthy rate. But Amazon's cloud server farms, AWS, once again appear to be propping up Amazon's profitability.