Amazon shares were down 0.5 percent in afternoon trading on Thursday, after gaining earlier in the session. Prominent short-seller Doug Kass, however, who runs hedge fund Seabreeze Partners, said he sold his stake in Amazon on news of the divorce. MacKenzie Bezos would also need to file a similar record if she received more than 5 percent of Amazon stock. If MacKenzie Bezos is given a large block of shares, she could have a big say at the company. Davidson, said questions about the future of the company due to the divorce are legitimate due to Jeff Bezos’ outsized influence on its value.

Source: bd News24 January 10, 2019 20:48 UTC