Amazon: New all-time high, but now Jeff Bezos is selling 15 million shares. Here’s why.
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Amazon founder Jeff Bezos is selling 15 million shares of Amazon common stock as part of a predefined trading plan. The planned transaction has a volume of approximately $4.07 billion based on the market value listed in the documentation. The sale occurs during a strong operational phase, where Amazon significantly increases its cloud revenue due to high demand for AI and expands its investments in technological infrastructure. Strong Q2 numbers, but a bombshell: Jeff Bezos plans stock sale of $4.07 billion Behind the scenes at...
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