Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
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

0
FacebookTwitterGoogle +Pinterest
previous post
Netflix stock is trading at all-time high levels in unprecedented win streak
next post
Pro-Gaza candidates elected despite gender segregation, antisemitism controversies

Related Posts

Fed Chair Jerome Powell says inflation has been...

May 15, 2024

Boeing says it’s progressing on safety reforms and...

April 3, 2025

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

May 13, 2025

Emirates’ chairman has a message for Boeing: ‘Get...

May 8, 2024

Getty Images to buy Shutterstock as part of...

January 9, 2025

McDonald’s says $5 value meal sales are hot...

July 31, 2024

Why everyone is suddenly talking about Nvidia, the...

May 30, 2024

Argentine President Milei faces impeachment calls for promoting...

February 20, 2025

FDA officially authorizes Zyn nicotine pouches for sale...

January 18, 2025

IMAX CEO expects $1.2 billion in box office...

February 23, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


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

    Recent

    • Applying Key Ratios to the Broader Market Surge: Are We at the Threshold of a New Trend?

      May 24, 2025
    • Moving from Thrust Signals to a Bull Market

      May 24, 2025
    • What Happens When the S&P 500 Breaks Below Gap Support?

      May 24, 2025
    • Automate Your Scans with Ease! Sample Scan Library + Scheduled Scans Walkthrough

      May 24, 2025
    • 3 Stocks to Watch While Everyone’s Staring at NVIDIA

      May 24, 2025

    Categories

    • Business (947)
    • Investing (2,236)
    • Politics (2,778)
    • Stocks (1,032)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved