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Bezos just took his first post-COVID (stock) dump — and it’s worth $3.1B

The Next Web Thursday, 6 August 2020
Bezos just took his first post-COVID (stock) dump — and it’s worth $3.1BAmazon‘s Jeff Bezos unloaded $3.1 billion worth of company stock earlier this week, representing a little less than 2% of his personal stake in the ecommerce giant. Bezos‘ August dumps, which were all made as part of a pre-determined trading plan lodged with the SEC, brings the total value of the billionaire chief exec’s $AMZN sales to a jaw-clenching $7.2 billion. In total, Bezos sold 1 million shares, and while the price varied, he generally got around $3,130 per share. While company execs getting rid their own stocks is common practice, Bezos now accounts for more than 98% of the stock sold by…

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Video Credit: Reuters Studio - Published
News video: Bezos sells Amazon shares worth $3.1 bln

Bezos sells Amazon shares worth $3.1 bln 01:08

Amazon.com Jeff Bezos sold shares worth $3.1 billion in the e-commerce company in recent days, regulatory filings showed on Wednesday. Fred Katayama reports.

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