• Thu. Feb 29th, 2024

Bezos Sells 12 Million Shares in Amazon for $2 Billion: Amidst Online Speculations and E-commerce News


Feb 12, 2024
$2 Billion Worth of Shares Sold

Amazon founder and largest individual shareholder, Jeff Bezos, recently sold around twelve million shares in the online retail and cloud service provider for two billion dollars (1.86 billion euros). This sale took place on Wednesday and Thursday. Last week, Amazon announced that Bezos would pay a total of up to 50 million shares the world’s largest online retailer wants to sell, with the sales plan scheduled to be completed by January 31, 2025.

The stock deal has sparked various speculations online about why Bezos needs billions. It is believed that the Amazon founder wants to continue financing his space company Blue Origin, in order to stay ahead of rival Elon Musk in the space race. Amazon’s stock rose by more than 70 percent in the previous year, and with a market capitalization of 1.812 trillion dollars, it is currently the fourth most valuable company in the USA, behind Microsoft, Apple, and Google mother Alphabet.

Meanwhile, there are also discussions about different types of firearm accessories for sale, tips on transferring a website to a new host, a guide to hosting with Squarespace, and music production and the best computers for it among other topics. There is also news about Shopify hosting for eCommerce and live dealer games in the world of online gambling.

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