CNBC·2 min read·medium
Jeff Bezos just filed to sell $4 billion in Amazon. The shares are falling
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Yun Li
✦AI Summary
Amazon founder Jeff Bezos has filed to sell approximately 15 million shares of Amazon stock, valued at over $4 billion. The sale follows a period of record-high stock performance driven by strong quarterly earnings and growth in cloud computing.
Jeff Bezos filed plans to sell about 15 million Amazon shares worth roughly $4.1 billion, after the dominant e-commerce platform's stronger-than-expected earnings sent the stock to a record high, pushing its market value above $3 trillion.
businesseconomy
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