Bezos Sells $4 Billion in Amazon Shares as Stock Hits Record High

Market VOWS
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Jeff Bezos is selling approximately $4.1 billion worth of Amazon shares, with plans to offload 15 million shares. This move comes as Amazon’s stock has reached a new all-time high, boosted by strong quarterly earnings and growth in its cloud computing division.

The sales were executed under a pre-arranged trading plan, and this divestment by the company’s founder follows a period of significant stock appreciation for Amazon, highlighting the company’s continued success and investor confidence in its AI strategies.

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