Funds And Strategies
  • Business
  • Stocks
  • World News
  • Investing
  • Business
  • Stocks
  • World News
  • Investing

Funds And Strategies

Business

Jeff Bezos discloses plan to sell up to $4.8 billion in Amazon stock

by admin May 4, 2025
May 4, 2025
Jeff Bezos discloses plan to sell up to $4.8 billion in Amazon stock

Amazon founder Jeff Bezos plans to sell up to 25 million shares in the company over the next year, according to a financial filing on Friday.

Bezos, who stepped down as CEO in 2021 but remains Amazon’s top shareholder, is selling the shares as part of a trading plan adopted on March 4, the filing states. The stake would be worth about $4.8 billion at the current price.

The disclosure follows Amazon’s first-quarter earnings report late Thursday. While profit and revenue topped estimates, the company’s forecast for operating income in the current quarter came in below Wall Street’s expectations.

The results show that Amazon is bracing for uncertainty related to President Donald Trump’s sweeping new tariffs. The company landed in the crosshairs of the White House this week over a report that Amazon planned to show shoppers the cost of the tariffs. Trump personally called Bezos to complain, and Amazon clarified that no such change was coming.

Bezos previously offloaded about $13.5 billion worth of Amazon shares last year, marking his first sale of company stock since 2021.

Since handing over the Amazon CEO role to Andy Jassy, Bezos has spent more of his time on his space exploration company, Blue Origin, and his $10 billion climate and biodiversity fund. He’s used Amazon share sales to help fund Blue Origin, as well as the Day One Fund, which he launched in September 2018 to provide education in low-income communities and combat homelessness.

This post appeared first on NBC NEWS

previous post
Prince Harry says father, King Charles, no longer speaks to him but hopes to reconcile
next post
Editor’s Picks: Gold Pulls Back, Experts Not Worried; Eyes on Fed Next Week

Related Posts

Amazon taps Xbox co-founder to lead new team...

May 31, 2025

Walgreens doubles down on prescription-filling robots to cut...

May 13, 2025

Tesla denies report it’s looking to replace Elon...

May 3, 2025

Burger King targets families through movie partnerships in...

May 23, 2025

Fanatics will host a skills challenge between fans...

May 22, 2025

Google forcing some remote workers to come back...

April 24, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (77)
    • Investing (273)
    • Stocks (97)
    • World News (346)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 fundsandstrategies.com | All Rights Reserved