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Author: Tan KW   |   Latest post: Sat, 26 Sep 2020, 10:03 PM

 

Bezos sells Amazon shares worth US$3.1 bil

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Amazon.com Inc chief executive officer Jeff Bezos sold shares worth US$3.1 bil in the e-commerce company in recent days, regulatory filings showed.
 
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 US$1 bil each year to fund his rocket company, Blue Origin.
 
The latest share sale leaves him with 54.5 million shares worth roughly US$174.64 bil at the current market price.
 
 - Reuters
 
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