Jeff Bezos to Unload $5 Billion Worth of Amazon Shares as Stock Hits Record High

Wednesday, 3 July 2024, 13:21
Jeff Bezos has revealed his intention to sell 25 million additional shares of Amazon.com Inc. amounting to $5 billion as the stock reaches a new all-time high. This move comes amidst escalating global tensions and uncertainties in financial markets, raising questions about the impact on Amazon's future growth and Bezos' strategic decisions.
Yahoo Finance
Jeff Bezos to Unload $5 Billion Worth of Amazon Shares as Stock Hits Record High

Jeff Bezos' Strategic Move

Jeff Bezos, the founder and CEO of Amazon.com Inc., has announced plans to sell 25 million additional shares of the company, amounting to $5 billion.

Record-Breaking Stock Performance

The decision comes on the day when Amazon's stock hits a fresh all-time high, signaling a peak in market value.

Global Market Implications

The sale of such a significant stake raises concerns about the impact on Amazon's stock price and Bezos' outlook on the company's future.

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