Why Jeff Bezos Sold $1.8 billion Worth of Amazon Stock
Jeff Bezos has sold more than $1.8 billion worth of stock, as the world’s richest person continues to sell his Amazon stake to fund his space venture.
The Amazon CEO offloaded roughly 960,000 shares, each worth around $1,900 on Wednesday, according to the company’s regulatory filings. Bezos sold the stake after Amazon reported weaker-than-expected profits in its quarterly earnings. Amazon’s () stock is up 25% for the year.