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Bezos sells Amazon shares worth $3.1 billion

Stock MarketsAug 06, 2020 12:00PM ET
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2/2 © Reuters. Jeff Bezos, founder of Amazon, attends a company event in New Delhi 2/2

(Reuters) - Amazon.com Inc (O:AMZN) Chief Executive Officer Jeff Bezos sold shares worth $3.1 billion in the e-commerce company in recent days, regulatory filings showed on Wednesday.

The stock sale comes at a time when the company's shares have surged more than 73% this year.

During the first two working days of August, Bezos sold 1 million shares as part of a previously announced trading plan, according to the filings.

Bezos, the world's richest man, had said he planned to sell stock worth about $1 billion each year to fund his rocket company, Blue Origin.

The latest share sale leaves him with 54.5 million shares worth roughly $174.64 billion at the current market price.

Bezos sells Amazon shares worth $3.1 billion
 

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Comments (16)
Abdullah Muradi
Abdullah Muradi Aug 12, 2020 2:20AM ET
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when the companies need cash during pandemic no wonder.
Stavros Nikolaos
Stavros Nikolaos Aug 06, 2020 10:59PM ET
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Cool 😎
Shaun Singleton
Shaun Singleton Aug 06, 2020 4:13PM ET
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GOOD MAN
Anthony Anthony
Anthony Anthony Aug 06, 2020 4:12PM ET
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Guess money can't save hair
Damian Ciceri
Damian Ciceri Aug 06, 2020 3:46PM ET
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hey bezos, instead of funding your trip to Mars, which by the way will never happen, how about using that money to save the planet you actually live on instead? you can start by feeding children in desperate need of food and shelter, has a nicer ring to it
Octavio Hurtado
Octavio Hurtado Aug 06, 2020 3:46PM ET
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Hi has a foundation for that
Franklin García
Franklin García Aug 06, 2020 1:32PM ET
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This is the reason why Elon Musk is selling smoke with Tesla, his only purpose is raise money enough to boost Spacex, because he is obsessed with getting to Mars and knows that will need huge money to achieve it so, it is necessary that Tesla´s shares grow to the infinte and beyond.
Mark Manley
Mark Manley Aug 06, 2020 12:58PM ET
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I had a yard sale to buy a model rocket, kinda the same :-)
Chris Sundo
Chris Sundo Aug 06, 2020 11:18AM ET
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only 1.9% -- I wouldn't worry
Stenerian Lajnen
Stenerian Lajnen Aug 06, 2020 11:07AM ET
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Bezos sell some stocks at high levels. Market: Lets go all in
John Klan
John Klan Aug 06, 2020 11:02AM ET
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He wants to buy Seattle. They're having a fire sale on the place. Should get it cheap.
Nadav Moran
Nadav Moran Aug 06, 2020 10:32AM ET
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Let's not forget about Blue Origin, such thing needs funding.
Plopseven Schwartz
Plopseven Schwartz Aug 06, 2020 10:32AM ET
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For when he needs to escape the proletariat mobs, maybe.
Kaveh Sun
Kaveh Sun Aug 06, 2020 10:20AM ET
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Pocket change to get new mistress?
Yeti Capital
Yeti Capital Aug 06, 2020 10:13AM ET
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with that kind of money i would build a submarine that is also a rocket ship
Plopseven Schwartz
Plopseven Schwartz Aug 06, 2020 10:10AM ET
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He knows.
MuziSibabalwe Mdleleni
MuziSibabalwe Mdleleni Aug 06, 2020 10:03AM ET
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What's going to happen with nasdaq guys?
Gamer Turtle
GamerTurtle Aug 06, 2020 10:03AM ET
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nothing. most CEOs sell stock every year to maintain their life style and portfolio diversity. they all get free stock every year too, so their net holding don't change much after every sale and every purchase.
Plopseven Schwartz
Plopseven Schwartz Aug 06, 2020 10:03AM ET
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Gamer Turtle $7B this year is not nothin
Gamer Turtle
GamerTurtle Aug 06, 2020 10:03AM ET
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Plopseven Schwartz  it's all about # of shares he sold vs # of shares he has gotten in past few years through bonus and payout. $7B of share isn't same as 7Billion shares. it's still nothing if you look at it in grand scheme of things.
BiG DaDDy CK
BiG DaDDy CK Aug 06, 2020 9:53AM ET
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JB Cashin Out !! TQQQ sinkin !!
 
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