Jeff bezos slips from the world richest person once again.#$

yogishroof.blogspot.com
All you know very well that the jeff bezos is CEO of amazon. Before few days Jeff bezos overtake the bill gates(who was the richest man) of the world.
But before few hours the bill gates also got is first position..
           
Bill gates vs jeff bezos..

Bezos has returned to the secound position with in five hours on thursday.Jeff bezos  fortune had risen to over $90 billion in anticipation of amazon quaterly earning but fell to about $88.7 billion after market closed.Jeff bezos first appeared on forbes billionaries  list in 1998.

Of course, no one was really expecting Bezos to stay atop the list for long — and these kind of absurd proclamations tied to personal wealth are a bit of silly tech industry posturing when you take them at face value. But given the constant fluctuations in market cap for both Amazon and Microsoft, it’s highly likely the two billionaires will trade the title back and forth a number of times in the coming months as both Amazon and Microsoft continue to grow and amass influence in their respective sectors.
The one area that will be interesting to watch is cloud computing. That’s where Amazon and Microsoft are both fiercely competing with one each other to win over businesses that are increasingly looking to the cloud for hosting and computationally intensive tasks like training and operating artificial intelligence software. In that realm, Amazon Web Services, the company’s cloud platform, continues to make impressive gains. AWS posted operating income of $916 million this most recent quarter, a 28 percent jump from a year ago, on sales of $4.1 billion. Though it lags behind Microsoft’s overall “Intelligent Cloud” division, which recently posted $7.4 billion in sales and an annual run rate of nearly $19 billion, AWS remains a market leader in key segments like cloud hosting.
That the two companies’ public-facing founders are now sparring for the world’s richest title — just as their respective corporations are battling for control of the cloud — is rather fitting. And although Bezos lost the title today, it probably won’t be long before the long-term investments his company is funneling into real-world logistics, robotics, and, most recently, groceries pay off, likely in the form of an ever-ballooning market cap and more control over how consumers buy and consume products every day.

Written by-Yogi shroof

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