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$2 billion worth of shares have been sold

ByEditor

Feb 12, 2024

Amazon founder and largest individual shareholder, Jeff Bezos, recently sold around twelve million shares of the company for a whopping two billion dollars. The sale took place over the course of two days, and Bezos has also announced plans to sell up to 50 million shares by January 31, 2025. This move has sparked speculation about Bezos’ motives, with many believing that he may be looking to continue financing his space company, Blue Origin, in order to stay ahead of rival Elon Musk in the space race.

Amazon’s stock has seen a significant rise of over 70% in the past year, making it the fourth most valuable company in the USA, behind Microsoft, Apple, and Google’s parent company, Alphabet. The sale of Bezos’ shares has prompted questions about his need for billions, but there are no concrete answers as of yet.

In other news, articles about Shopify hosting, music production, and certificate verification issues are also circulating, along with discussions on vaporizers and e-cigarettes. Amidst these diverse topics, one can pinpoint the spectrum of interests and expertise within the online community.

By Editor

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