{"id":2076,"date":"2026-07-31T15:14:57","date_gmt":"2026-07-31T15:14:57","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=2076"},"modified":"2026-07-31T15:14:57","modified_gmt":"2026-07-31T15:14:57","slug":"amazon-shares-surge-14-toward-best-day-in-a-decade-jeff-bezos-overtakes-brin-as-3rd-richest","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=2076","title":{"rendered":"Amazon Shares Surge 14% Toward Best Day In A Decade\u2014Jeff Bezos Overtakes Brin As 3rd Richest"},"content":{"rendered":"<div>\n<h2>Forbes Valuation<\/h2>\n<p>Surging Amazon shares added $25 billion to Bezos\u2019 net worth, estimated at $271.5 billion as of Friday morning. That ranks the Amazon founder as the world\u2019s third-richest person between Google co-founders Larry Page ($279.3 billion) and Brin ($257.6 billion). <\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=2074\">Trump Doubles Down On Anti-Weaponization Fund Amid Blanche Confirmation Fight<\/a><\/p>\n<h2>tangent<\/h2>\n<p>Apple shares plunged 9% after the firm issued weaker-than-expected guidance for its current quarter, citing \u201csupply constraints\u201d as it now anticipates revenue growth between 9% and 11%, below estimates of 12%. Apple CEO Tim Cook, who spoke in his last earnings call at the helm of the firm, said Apple expects to \u201cpay even higher memory costs\u201d amid a global memory shortage. \u201cIf you look beyond September, we see the market pricing for memory continuing to increase, which could drive an increasing impact on our business,\u201d Cook said.<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=2072\">\u2018Nobody Is Selling Football\u2019: FIFA Defends World Cup Privatization Plans Despite Growing Opposition<\/a><\/p>\n<h2>key background<\/h2>\n<p>Bezos and Brin have swapped spots among the world\u2019s wealthiest people multiple times in recent weeks, as investors weigh incoming earnings reports and any signs of weakness in the global AI market. Most of the focus has centered on AI strategy from mega-cap firms, like Amazon, as they navigate an accelerating market and a shrinking memory trade. Earlier this week, Meta shares tanked while Microsoft rallied 15%, as traders took sides on either firm\u2019s approach to their AI products.<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=2070\">Anthropic Says Its AI Models Hacked Into Three Organizations During Testing<\/a><\/p>\n<div><\/div>\n<h2>further reading<\/h2>\n<p><span><span>Forbes<\/span><span>Sergey Brin Rises To 3rd Richest\u2014Despite Google Stock Plunge<\/span><small>By <span>Mary Whitfill Roeloffs<\/span><\/small><\/span><span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A better-than-expected jump in cloud revenue boosted Amazon\u2019s stock.<\/p>\n","protected":false},"author":1,"featured_media":2075,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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