Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Weekly Comic: Should Jeff Bezos’ Divorce Worry Amazon Investors?

Published 02/07/2019, 08:55 AM
AMZN
-

Investing.com - It's been an eventful start to the year for Amazon (NASDAQ:AMZN) Chief Executive Jeff Bezos.

The e-commerce giant reported fourth-quarter earnings on Jan. 31 that beat analyst estimates, but it provided first-quarter guidance that fell short of expectations.

Amazon reported adjusted earnings of $6.04 per share on revenue of $72.38 billion. Analysts polled by Investing.com expected adjusted earnings of $5.65 per share and revenue of $71.88 billion.

For the first quarter, Amazon said it expects revenue to be in the range of $56 billion to $60 billion, below analyst estimates of $61 billion.

The Amazon Echo Dot, voiced by the digital assistant called Alexa, was the best-selling item across all products on Amazon globally during the fourth quarter.

"The number of research scientists working on Alexa has more than doubled in the past year, and the results of the team's hard work are clear," Bezos said. "In 2018, we improved Alexa's ability to understand requests and answer questions by more than 20% through advances in machine learning."

Meanwhile, Jeff and his wife, MacKenzie, have announced plans to divorce after 25 years of marriage, according to a joint statement put out last month on the Amazon CEO's Twitter account.

The couple met and got married while working at D.E. Shaw, a New York-based hedge fund, in the early 90s. Shortly after, they packed up and moved across the country to Seattle, where Bezos launched Amazon.

In Amazon lore, part of the company's business plan was written while the couple drove across the country from New York to Seattle.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

For Amazon investors, the divorce could be concerning.

Media reports have said that the couple did not sign a prenuptial agreement, which means the world's biggest individual fortune may be split in half and Mr. Bezos may lose direct control of half his Amazon stake.

Additionally, the split is expected to result in one of the most valuable settlements in history, since Mr. Bezos is the world's richest person with a net worth of about $137 billion.

Nearly all of Mr. Bezos' wealth comes from his 16% ownership in Amazon. The couple's properties include two homes in Beverly Hills; two homes in Medina, Washington; the largest home in Washington, DC; and a Texas ranch, according to The Wall Street Journal.

To see more of Investing.com’s weekly comics, visit: http://www.investing.com/analysis/comics

Latest comments

The assumptions beingA. That he is able. His ego may not allow it.B. That he willing. He seems perversely focused on his businessC. That he even has the option. It's quite possible she's simply had enough.
Bezos will reconcile...
The assumptions beingA. That he is able. His ego may not allow it.B. That he willing. He seems perversely focused on his businessC. That he even has the option. It's quite possible she's simply had enough.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.