Amazon reported its third quarter revenue of $127.1 billion. slightly less than $127.5 according to the analysts

Amazon's net income drop down to $2.9 billion, or $0.28 per share, down about 9% from one year earlier

Amazon's share plunged more than 18% to its less than $90 in just one hour of trading, It happened after the announcement

Stock level of Amazon comes down to nearly 50% for the year, far worse than the tech-heavy Nasdaq's 32% decline

CEO of Amazon Andy Jassy said uncertain economic situation forced the company cost cut to fulfillment network

He also mentioned that Company will make about $144 billion in sales this quarter, analysts are expecting $155 billion

Amazon Web Services segment grew 28% in the quarter, expectation growth was more than 30%

Amazone founder Jeff Bezos net worth was $134.8 billion when market closed on Thursday

His highest net worth in last year was more than $188 billion, but one point worth was more than $200 billion

Amazon's CFO Brian Olsavsky: We are taking actions to tighten our belt, paused hiring, wind down some products and services