According to a regulatory filing, Jeff Bezos, the founder and executive chairman of Amazon, intends to liquidate nearly $5 billion in shares of the e-commerce company following its recent record high
The proposed sale of 25 million shares was disclosed in a notice lodged after Tuesday’s market hours.
During the session, the stock reached an all-time high of $200.43. It has increased by over 30% thus far this year, surpassing the Dow Jones Industrial Average index’s 4% increase.
Following the sale proposal, Bezos would possess approximately 912 million Amazon shares, which accounts for 8.8% of the outstanding stock.
In February, he sold shares valued at approximately $8.5 billion, following an 80% increase in the stock price in 2023.
Forbes has classified Bezos as the second-richest individual in the world, with a net worth of $214.4 billion. He is also the founder of Blue Origin, a company that launched a six-person crew to the minimal space in May.
In April, the Seattle-based technology behemoth Amazon reported favorable first-quarter results as it capitalized on the momentum of artificial intelligence. Matt Garman, an insider, succeeded Adam Selipsky as the chief of the cloud computing unit.
During the recent market recovery, the German government transferred an additional 700 Bitcoin, estimated to…
Bitcoin mining difficulty dropped 5% to 79.5T, the lowest since March, and the drop in…
Ripple's CLO criticizes the US for lacking clear crypto regulations, stressing the need for robust…
The largest cryptocurrency in the world( Bitcoin ETF) has experienced a very slight increase in…
Meme coins spark debate in the crypto community, with some seeing potential for profit and…
Taiwan Mobile, the second-largest telecommunications company, has successfully entered the crypto market, contributing its expertise…