‘Facebook, Amazon chiefs see wealth balloon amid pandemic’

Dawn | May 23, 2020 at 5:47 AM
  • The fortunes of US billionaires rose 15 per cent in the two months since the coronavirus pandemic hit, a study found.
  • Between March 18 and May 19, their total net worth increased by $434bn while the coronavirus pandemic caused job losses and economic agony for tens of millions of Americans.
  • Amazon and Facebook stocks have surged following new program announcements that pushed their businesses ahead at a time when many consumers are stuck at home.