Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124

Jeff Bezos reveals a sale plan up to $ 4.8 billion in Amazon stock

Jeff Bezos, the founder and executive chairman of Amazon and the Washington Post owner, takes the stage during the annual Dealbook New York Times summit, in Jazz in Lincoln -Central Center, December 4, 2024.

Michael M. Santiago | Gets the image

Founder Amazon Jeff Bezos plans to sell up to 25 million shares in the next year, reports Financial supply Friday.

Bezos, who left the post of CEO in 2021, but remains the main shareholder of Amazon, sells shares within the framework of the trading plan adopted on March 4, the application said. The share will cost about $ 4.8 billion at the current price.

Disclosure is followed by Amazon’s profits in the first quarter report late Thursday. While profits and profits led the estimates, the forecast of the operating income company in the current quarter came below Wall Rate expectations.

The results show that Amazon is subject to uncertainty associated with President Donald Trump New tariffs sweep. Campaign landed in the intersection This week the White House for the report that Amazon planned to show the buyers the cost of tariffs. Trump personally called Bezos to complain, and Amazon said that there were no such changes.

Previously, Bezos unloaded about $ 13.5 billion Amazon’s stock last year, noting its first company’s shares Since 2021.

Since the transfer of the role of Amazon CEO, Andy Yasi, he spent more time on his space exploration, Blue Origin and his climate fund and biodiversity of $ 10 billion. He used Amazon Share sales to help finance blue origin, as well as on the first day of the fund, which he launched in September 2018 to provide education in low -income communities and fight homelessness.

Watch: Amazon has leverage to pull with tariffs

Amazon has

Source link