The outbreak of Corona virus shouldn’t be solely seen on people but additionally on the markets world wide. This has additionally been proven to have an effect on Jeff Bezos. All the inventory markets world wide, together with India, are at present underwhelmed. The Sensex in India goes via the worst ever. Similar information is coming from everywhere in the world. According to a CNBC report, Jeff Bezos, the world's richest man, has misplaced $ 7 billion in in the future. Due to this motion within the inventory market, his wealth has diminished by $ 7 billion. According to the report, Jeff Bezos' belongings have fallen from $ 117 billion to $ 110 billion throughout this era. <! –
Not solely this, Jeff Bezos misplaced $ 18 million final month. According to all of the stories, this motion within the inventory market is because of the corona virus. Four huge tech firms within the US- Apple, Amazon, Microsoft, Alphabet alone have misplaced $ 321 billion. These losses have occurred to those firms in simply in the future. According to stories, Tesla CEO Elon Musk has misplaced $ four billion in in the future.
Recently, Elon Musk mentioned in a tweet that this panic born as a consequence of corona virus is nonsense. What Musk thinks and does is a distinct matter, however one has to acknowledge that the impression it has had on the tech trade is gigantic. Almost all tech firms have canceled one or two huge occasions this 12 months. Reports are coming that the provision chain has additionally been disrupted as a consequence of this virus. Apple has already said that it will have a foul impact on the corporate's earnings. At the identical time, Microsoft has additionally given one of these indication.
Amazon has not formally mentioned something about this, however it’s clear that its impression is seen on the corporate. Almost all the massive tech firms within the US are providing do business from home to their workers. Google has suggested workers of San Francisco and New York places of work to do business from home. While Apple CEO Tick Cook has additionally despatched an analogous memo to his workers. Mobile World Congress 2020 has been canceled as a consequence of corona virus.