World Economy

Amazon Sells $1b in Stock

Amazon Sells $1b in StockAmazon Sells $1b in Stock Inc. Chief Executive Officer Jeff Bezos sold about $1 billion in company stock as part of a planned divestiture, a month after the world’s third-richest man said he spends about that amount annually on his space exploration company Blue Origin LLC, Bloomberg reported. Bezos sold one million shares from Tuesday to Thursday ranging in price from about $935 to $950 per share, according to a regulatory filing on Thursday. He still owns 79.9 million shares, or about 17% of the company, down from 83 million shares at the end of 2015.


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