Quarantine makes Jeff Bezos rich
Bank of America analysts projected Amazon’s revenue growth up 22% year-over-year in the first quarter – up to $ 73 billion, which corresponds to sales of $ 10 thousand every second around the clock.
According to experts, Jeff Bezos’ company sales were up earlier, but there was an unprecedented increase in demand for online store products. While most businesses suffered severe losses due to the epidemic and the emerging recession, Amazon shares reached record highs.
Amazon’s stock price has risen by more than $ 2.4 thousand per share over the past month, bringing the company’s market value to $ 1.2 trillion, following Microsoft ($ 1.35 trillion) and Apple ($ 1) in this indicator. Is the third largest US company. 25 trillion).
The publication of Amazon’s financial statements for the first three months of this year is scheduled for April 30.
Summary PAYSPACE magazine
Recall that before the end of April, Amazon would increase the hourly wage of workers employed in warehouses, in transportation tasks and delivery of orders. In the US, the increase would be $ 2 per hour, in Britain – 2 pounds ($ 1.6) per hour, in many European countries – around 2 euros ($ 1.8) per hour. The company will allocate $ 350 million for these purposes.
In addition, the company will consult with medical experts to ensure the safety of its employees.
Read: Amazon will start selling technology to stores without cashiers
By content: Guardian