Bezos to divest $4B Amazon shares
Jeff Bezos intends to sell 15 million shares of his Amazon stock valued at approximately $4.1 billion, following strong profits and a record-high surge in the stock price that pushed the company's market value beyond $3 trillion. This comes after the company reported Q2 earnings that beat expectations, driven by significant growth in cloud computing and artificial intelligence, boosting investor confidence. The sale was carried out through a pre-arranged trading plan, and the announcement caused the stock to decline by over 2%. Bezos is one of Amazon's largest shareholders and continues to sell his shares periodically.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)