10/0 On October 24th, Jeff Bezos, founder of Amazon, will transfer the title of the richest man in the world to Bill Gates, founder of Microsoft. After Amazon announced its earnings report, the company's share price fell sharply in after-hours trading of US stocks on Thursday. After the transaction ended on Friday, the official update was made. Why did Amazon's valuation plummet? Let Bian Xiao, the muscle head, answer for you!

Amazon released its 20 19 third-quarter earnings report after the close of trading on Thursday. The financial report shows that Amazon's net sales in the third quarter was 70 billion US dollars, up 24% over the previous year, and its net profit was 265,438+34 billion US dollars, down 26% compared with 2.8 billion US dollars in the same period last year. Due to the lower-than-expected net profit, Amazon once plunged more than 9% after hours.