(UPDATE) WASHINGTON: Amazon founder Jeff Bezos has sold off about $2 billion in shares of the online distribution giant, according to recent stock market filings. Bezos sold on Wednesday and Thursday (Thursday and Friday in Manila) some 12 million Amazon shares, at between $168 to $171 per share, according to documents sent to stock market regulatory authorities Friday. Amazon founder Jeff Bezos. AFP PHOTOA previous stock market document, out Wednesday, reported his intention to sell, next July, 50 million shares of the group he founded 30 years ago, and of which he is today executive chairman. Amazon stock jumped more than 13 percent the next day on the New York Stock Exchange.

Source: Manila Times February 11, 2024 16:49 UTC