Why did Bezos sell Amazon stock?
Bezos said in 2017 that he was selling $1 billion a year to fund his Blue Origin space venture, but he has been increasing the size and frequency of the stock sales. He sold $2.8 billion worth of Amazon stock this past August. Amazon and Blue Origin declined to comment.
Is Jeff Bezos dumping Amazon stock?
Jeff Bezos has been on an Amazon stock (NASDAQ:AMZN) selling spree. In the last week, he dumped $4 billion worth of shares in the company he founded. (As an aside, Bezos will take home about $3 billion of that after paying taxes.
What is Bezos stock worth?
With the stock up by about $219 per share in extended trading, the value of Bezos’ stake rose by roughly $12.6 billion. The tech giant reported earnings of $6.47 per share and $87.44 billion in revenue for the quarter.