Jeff Bezos to sell $4.1 billion in Amazon stock
Jeff Bezos announced his intention to sell approximately 15 million shares of Amazon stock, valued at around $4.1 billion. This came after the stock reached record levels and pushed its market value above $3 trillion before dropping more than 2% to $277.09 immediately following the disclosure. The sale was carried out through a pre-existing trading plan, and the shares sold originate from the founding shares Bezos received in 1994. This process aligns with a regular schedule for selling his stake while maintaining his position as one of the company's largest shareholders. The announcement coincided with strong second-quarter results, which saw growth in cloud computing and artificial intelligence sectors. As a result, the stock has risen by 20% since the beginning of the year. These results reflect the stability of Amazon’s operational model and its ability to turn technological investments into sustainable growth margins. Additionally, Bezos donated more than 220,000 shares to nonprofits in May, further strengthening the company's standing in growth and innovation.
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