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AMZN Stock Plunges 1.25% as Jeff Bezos Sells Nearly $2.5B in Amazon Shares


AMZN Stock Plunges 1.25% as Jeff Bezos Sells Nearly $2.5B in Amazon Shares
6 hours ago by Daria Rud · 3 min read
Photo: Amazon
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Since 2017, Jeff Bezos has been selling $1 billion in Amazon shares every year in order to fund his Blue Origin space project. The transactions are a part of a prearranged 10b5-1 trading plan which provides an affirmative defense to insider trading.
Jeff Bezos, CEO and founder of e-commerce giant Amazon.com Inc (NASDAQ: AMZN), has sold more than $2.4 billion in Amazon shares this week. According to the regulatory filings, he offered about 740,000 shares on Monday and Tuesday for approximately $2.48 billion at prices ranging from $3,274 to $3,485 per share. The transactions were a part of a prearranged 10b5-1 trading plan. ....

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Jeff Bezos' Amazon legacy by the numbers


Jeff Bezos Amazon legacy by the numbers
Jeff Bezos is taking time to pursue his passions.
Image: Alex Wong/Getty Images
2021-02-03 01:52:11 UTC
The person who broke records as the richest person the world had ever seen (though he currently sits in the number two spot, behind Elon Musk), Bezos announced in a blog post Tuesday that he would be stepping down from his CEO role later in 2021. Current head of Amazon Web Services Andy Jassy will be taking over, though Bezos will still reign as the Executive Chair of the Amazon Board.
Bezos is a polarizing figure, to say the least. He embodies the world s endemic income inequality, is notoriously ruthless in business dealings and in the treatment of Amazon employees, became powerful by crushing first book stores, then brick-and-mortar businesses overall, and has just an incredibly irritating face.  ....

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