Jeff Bezos, the founder of Amazon, recently sold approximately 3 million shares of the company over a two-day period, totaling $665.8 million. This transaction is part of his previously announced plan to sell up to 25 million shares by May of next year.
While the sale is part of a pre-scheduled divestment plan, significant insider selling can sometimes be perceived negatively by investors, potentially raising questions about future growth prospects or personal financial strategies. However, Bezos remains a major shareholder in Amazon.
Bezos often uses the proceeds from his share sales to fund various ventures, including his space company Blue Origin. This planned selling activity is a component of his personal wealth management and investment diversification strategy.
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