Amazon founder Jeff Bezos plans $5bn share sale
Posted on AllSides July 3rd, 2024
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Jeff Bezos to sell another $5bn of Amazon shares Amazon founder Jeff Bezos says he will sell another 25 million shares in the technology giant, worth nearly $5bn (£3.9bn). It comes after the company's stock market value hit a record high on Wednesday. In February, he announced that he would sell Amazon shares worth around $8.5bn. That marked the first time since 2021 that Mr Bezos had sold Amazon shares. The company's shares have risen by more than 30% this year on expectations that growing demand for artificial intelligence (AI)...