Jeff Bezos to sell Amazon shares worth about $5 bln after stock hits record high

    https://www.reuters.com/business/jeff-bezos-sell-amazon-shares-worth-about-5-bln-after-stock-hits-record-high-2024-07-03/

    Posted by falcontitan

    11 Comments

    1. Upstairs_Watercress on

      I live in Boston and they were talking all over sports radio that he would be buying the Boston Celtics, which are for sale and worth 5 billion

    2. REGARDED_INVESTOR on

      couldn’t abide Elon’s comment about swimming in his pool of money

    3. Jimmy_Schmidt on

      Money is going to fund Blue Origin. Was disappointed he did it around that $200 mark. Stock looked ready for a breakout toward $250. Hoping investors look past the Bezos sale and we keep climbing higher. Amazon is the most recession proof of the mag 7 in my view. Convenience is something consumers will keep paying for imo.

    4. JUST TAKE A BILLION AND GIVE IT TO THE DRIVERS AND WAREHOUSE WORKERS AS A BONUS……EVERY YEAR

    5. prince_8814 on

      Regardless, stock is still heading towards 230 after earnings. And most probably the sale plan won’t get approved before earnings.

      Anyway, he’ll end up selling at higher price around 230 after earnings. (Same thing happened in February)

    6. TheMorningAfterKill on

      These are weird headlines. Everyone has to take their gains at some point. Doing it at ATH is a pretty good time to do so.

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