Jeff Bezos Says Amazon Will Spend $4 Billion USD on COVID-19 Expenses

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Amazon to Spend $4 Billion USD in Response to COVID-19 Coronavirus Spending Q2 2020 Earnings Profit Jeff Bezos Tech Conglomerate Stocks Shares News Business

Amazon boss Jeff Bezos has said that he expects to spend $4 billion USD in Q2 in response to the coronavirus pandemic and its demands, making sure that the company is “getting products to customers and keeping employees safe.”

The tech company had a very strong first quarter with sales hitting over $75 billion USD. In the same period, Jeff Bezos’ net worth grew by $24 billion USD, the company hired an extra 100,000 members of staff, and it experienced incredibly high demand in areas such as Amazon Fresh.

Bezos rounded out his words with the statement, “if you’re a share-owner in Amazon, you may want to take a seat, because we’re not thinking small.”

Source marketwatch

#Covid19,  #Amazon,  #Bezos, #Follow

 

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