Jeff Bezos unloaded 12 million shares of Amazon.com Inc. this week, the first time the billionaire has sold the company’s stock since 2021. The sales earned Bezos about $2 billion. Bloomberg’s Ed Ludlow reports.
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@abdelkaioumbouaicha
February 13, 2024 at 9:03 am
📝 Summary of Key Points:
Amazon CEO Jeff Bezos sold $2 billion worth of shares, his first sale since 2021. He plans to sell around 50 million shares of Amazon stock this year.
Bezos has sold $20 billion worth of shares across 2020 and 2021. However, this recent sale had minimal impact on Amazon’s stock, with only a 0.1% increase.
Bezos is taking advantage of the stock’s significant rise to further his philanthropic endeavors.
💡 Additional Insights and Observations:
💬 “Bezos intends to sell around 50 million shares of Amazon stock this year.”
📊 Bezos has sold $20 billion worth of shares across 2020 and 2021.
🌐 The information is based on a schedule filed with regulators in November.
📣 Concluding Remarks:
Jeff Bezos, Amazon’s CEO, recently sold $2 billion worth of shares as part of his plan to sell around 50 million shares this year. Despite his previous sales, this recent transaction had minimal impact on Amazon’s stock. Bezos is leveraging the stock’s rise to support his philanthropic endeavors.
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@smokinpolitics4085
February 13, 2024 at 9:25 am
He doesn’t have any “philanthropic” endeavors lol 🤣🤣🤣 he simply wants money.
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February 13, 2024 at 9:04 am
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February 13, 2024 at 9:05 am
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@rusty299
February 13, 2024 at 9:16 am
there’s a stock I was looking at this morning. NNDM it’s undervalued and they have tons of cash on the books and the share prices extremely reasonable
@rusty299
February 13, 2024 at 9:16 am
NNDM stock ❤
@cordovalark5295
February 13, 2024 at 9:17 am
TLDR: To continue to fund Blue Origin. As he does every year.
@gfuentes8449
February 13, 2024 at 9:37 am
probably to fund that pig of a wife
@commonsense504
February 13, 2024 at 12:21 pm
Reminds me of an interview years ago shortly after Amazon started where Bezos said to the confusion of reporters that the Amazon model was inevitably unsustainable.
@dopemusic6414
February 13, 2024 at 2:21 pm
Blue Origin
@thejeffinvade
February 13, 2024 at 2:27 pm
Overvalued.
@beeflizard5250
February 13, 2024 at 3:56 pm
Answer – his new wife wants to live gooooooood