17:41 - 4.07.2024
July 4, Fineko/abc.az. Amazon CEO and founder Jeff Bezos plans to sell up to 25 million shares of his company by the end of 2025.
ABC.AZ reports that this is stated in the documents sent to the Securities & Exchange Commission (SEC).
Based on current quotations, the sales volume will be about $5 bn.
In mid-February, Jeff Bezos sold 50 million Amazon securities for $8 bn.
According to Ben Silverman from Verifydata, Bezos usually sells shares in a few sessions, rather than stretching sales over a long period.
Bezos owns over 936 million shares of Amazon. The company's stock prices reached a record $200 on Tuesday. Since the beginning of the year, Amazon's capitalization has jumped by 30% to $2.06 trillion.
