BRK -- Earnings -- 2Q23 -- Amazon -- Bezos -- META -- Not Particularly Sticky -- August 5, 2023

Locator: 45339BRK.

CNBC: link here.

WSJ: link here.

ETF: link here.

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Amazon

Bezos' wealth.

Amazon founder Jeff Bezos saw his personal net worth increase by a whopping $12 billion on Friday morning as the e-commerce giant’s stock price soared by some 11% in pre-noon trading — the largest single-day jump so far this year.

The Seattle-based company, whose stock was trading at nearly $143 per share as of 11:30 a.m. Eastern time on Friday, August 4, 2023, surged after dazzling Wall Street with an earnings report that blew away analyst expectations.

Bezos, the third richest person in the world behind Tesla and X mogul Elon Musk and luxury brand merchant Bernard Arnault, is now worth an estimated $163.5 billion, according to Forbes.

The 59-year-old Bezos, who stepped down from the CEO role at Amazon in late 2021 so that he could focus on his space exploration firm Blue Origin, derives his wealth from ownership in Amazon stock.

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META

Threads: not particularly "sticky." Link here.

Insider: link here.