Amazon.com, Inc. (NASDAQ:AMZN) just completed a pretty poor 2014, with stock prices dropping by more than 22% in the year. Most of the loss was attributed towards a pretty bad third quarter. Amazon.com, Inc. (NASDAQ:AMZN) CEO, Jeff Bezos invested a lot of money in different market sectors, which did not get a lot of support from the shareholders. Bloomberg’s Shelby Holiday reported on Bloomberg TV about the loss in holdings that Bezos had encountered in 2014.
Holiday reported that Amazon.com, Inc. (NASDAQ:AMZN)’s Bezos has lost around $7.4 billion in holding after the Amazon.com, Inc. (NASDAQ:AMZN) stock dropped more than 22% in the year that just ended. She added that this was the worst year for Amazon.com, Inc. (NASDAQ:AMZN) since 2008. She said that majority of the loss was due to a particularly rough third quarter.
“[…] $7.4 billion, that’s how much Jeff Bezos lost in holdings after the shares of the Amazon fell more than 22% in 2014. It was the company’s worst year since 2008, marked by a particularly rough third quarter. Shareholders showed a lack of support for Bezos’s big spending and his pouring of money into everything from smartphones to television programming to drones,” Holiday reported.
She added that in spite of this huge loss, Bezos is still worth $28.6 billion and he currently holds 20th position in Bloomberg’s billionaire index.
Bloomberg’s Cory Johnson added that in spite of a bad year for Amazon.com, Inc. (NASDAQ:AMZN), the stock is still trading at 160 times earnings, which is very good. Holiday said that Amazon.com, Inc. (NASDAQ:AMZN) had a decent 2014 except for a horrible third quarter. She added that fourth quarter is always the best quarter for a company like Amazon.com, Inc. (NASDAQ:AMZN), due to the volume of sales that happens during the holiday season. She added that majority of shopping happens through Amazon during the holiday season.
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