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A surge in Amazon.com Inc. shares Thursday morning in advance of the online retailer’s earnings report has propelled founder Jeff Bezos past Bill Gates as the world’s richest person.

Shares of the online retailer rose 1.3 percent to $1,065.92 at 10:10 a.m. in New York, giving Bezos a net worth of $90.9 billion, versus $90.7 billion for Gates. If that holds through the 4 p.m. close, Bezos, 53, will leapfrog Gates, the Microsoft Corp.

Co-founder, on the Bloomberg Billionaires Index. Gates, 61, has held the top spot since May 2013.

Investors and analysts, in addition to watching Amazon’s progress in taking market share in categories such as apparel and groceries, will be scrutinizing how many new subscriptions the retailer sold for its $99-a-year Amazon Prime service, which offers delivery discounts and video and music streaming. Prime shoppers spend more than customers who don’t have a membership.

“Amazon Prime is why so much physical retail is going away,” said Michael Pachter, a Wedbush Securities Inc. analyst who has a buy rating on the stock and a price target of $1,250. “Anyone who joins Prime shops in retail stores 10 percent less, and that number will keep accelerating as Amazon adds more inventory.”

Investors also monitor Amazon’s cloud-computing division, Amazon Web Services, a fast-growing and profitable business that accounts for about 10 percent of revenue.

Amazon leads the cloud-computing industry, but faces increasing competition from Microsoft and Google parent Alphabet Inc.

Amazon is expected to post quarterly revenue of $37.2 billion, a 22 percent jump from a year earlier, according to the average estimate of 34 analysts surveyed by Bloomberg, and earnings per share of $1.42.

Meanwhile, Facebook Inc.’s intraday gains have helped pull co-founder Mark Zuckerberg, 33, within $200 million of Berkshire Hathaway Inc. Chairman Warren Buffett, 86, who’s currently ranked fourth on the Bloomberg index with a net worth of $74.5 billion.

Bezos owns about 17 percent of Seattle-based Amazon, which has surged 40 percent this year through Wednesday, helping to add $24.5 billion to his net worth.

He started 2017 as the world’s fourth-wealthiest person and has since surpassed Buffett and Inditex SA founder Amancio Ortega, 81, who ranks third with $82.7 billion.

BIG STORY

Fritz Awards Maiden Edition Calls For Entries

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Fritz Awards, Nigeria, has opened its call for entries. The event date is December 16, 2020.

The award in its maiden edition seeks to be the foremost platform rewarding creativity, excellence, ingenuity, and hard work in the film industry globally, continentally, and locally. It strives to tell stories that are diverse, experimental, compelling, and that matter.

June 1, 2020 – Submissions open

July 31, 2020 – Final Deadline

October 12, 2020 – Notification

Submit your entry here https://fritzawards.com/submit-your-entry/

You can find out of the rules and regulations and how to enter on here:

https://fritzawards.com/rules/

The award is named in honour of Friedrich Christian Anton “Fritz” Lang, Austrian-German-American Filmmaker, Screenwriter, and Film Producer.

Aside the many qualities that stood him out among his peers including tenacity, doggedness, and the drive for excellence, he is noted to be the first filmmaker to feature a black person in his movie.

You can learn more about the award on our website: https://fritzawards.com/about/

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BIG STORY

BREAKING: Co-Host Of ‘Kakaaki’ On AIT Test Positive To COVID-19

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Few weeks after the Chairman of Daar Communications, owners of AIT and Raypower, Dr Raymond Dokpesi tested positive to the dreaded COVID-19 virus, another staff of the organization has tested just tested positive.

PorscheClassy News gathered that the co-host of a popular political show on AIT (Kakaaki), Mr Sola Jaiyesimihas just been confirmed COVID-19 positive.

The veteran broadcaster who has been self-isolating since May 14th, 2020, after falling sick finally got his COVID-19 test result Saturday afternoon which confirmed his positive status.

Jayesimi is currently on admission at the University of Abuja Teaching Hospital where he’s expected to undergo the compulsory 14 days isolation and treatment for Coronavirus.

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BIG STORY

Two ‘Trigger-Happy’ Police Officers Arrested As Nigerians Demand Justice For 16-Year-Old Girl Killed By Bullet

Gbemileke Ajayi

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Many Nigerians on Friday via social media demanded justice for a 16-year-old girl, Tina Ezekwe, allegedly killed by a trigger-happy policeman in the Iyana Oworo area of Lagos on Tuesday.

The cop was said to be from the Bariga Police Division.

Reports indicated that the policeman was trying to arrest a bus driver for violating the nationwide curfew imposed by the Federal Government to check the spread of coronavirus.

In the process, the policeman was said to have shot the bus driver and Tina standing by the roadside.

It was learnt that Tina, an Imo State indigene who resided at Bariga, was rushed to a hospital after the incident. However, she died on Thursday evening.

A video posted on Twitter by Oworo TV (@OworoTv), which went viral, showed Tina’s body being dragged amid a panicky crowd.

As of Friday, the video had gathered about 160,000 views on the social media platform.

Using the hashtag, #JusticeforTina, Nigerians demanded the prosecution of the erring police officer.

On Friday, #JusticeforTina was one of the most trended topics on Twitter. Actress Adesua Etomi-Wellington shared a picture of Tina on her handle, @AdesuaEtomiW, and captioned it “#JusticeforTina. Tina was only 16.”

Another actress, Beverly Naya with the handle @BeverlyNaya also lent her voice to demand justice for the murdered teenager. “This is all too much! Police brutality needs to stop! #JusticeForTina,” she wrote.

Another Twitter user, @aproko_doctor, asked all Nigerians to demand justice for Tina.

He wrote, “All she did was stand at a popular junction and she was shot by a Nigerian policeman. It could be any of us, and we will not stop until we have a reform of the Nigeria Police Force.

“I don’t want to mind my business and still be shot.”

Sally Suleiman, with the handle @is_salsu, also wrote, “The people who are meant to protect the citizens are killing them. Please lend your voice! #JusticeForTina.”

Also, Efam Harris (@iefamharris) said, “Tina is the young boy with an iPhone; Tina is the young woman who sells clothes; Tina is the gentleman who returns late from work; Tina is everyone who the Nigeria Police have killed for no reason; Tina is all of us. #JusticeForTina.”

Twitter user, Ugwunna Ejikem, lamented that Tina was shot dead even though she didn’t bear arms or looked suspicious for any crime.

“Her only ‘crime’ was standing at a popular junction within the reach of a trigger-happy Nigerian policeman.

“How long will this continue and how long will they keep getting away with this?

“Please lend a voice. #JusticeForTina,” she wrote.

Another user, Danny (@Danny_Walterr), described the incident as heartbreaking.

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