Why Jeff Bezos is looking to unload up to $5B worth of Amazon shares
Jeff Bezos will offload up to 25 million Amazon shares, according to a new Securities and Exchange Commission filing.Amazon said Friday in its quarterly report filed with the SEC that its billionaire founder adopted a trading plan “intended to satisfy Rule 10b5-1(c)” early last month to part ways with up to that many shares. The 25 million Amazon shares had a value of over $4.7 billion as of Friday morning. The plan enables Bezos, who founded Amazon more than three decades ago and serves as the company’s ex ...