The founder and former CEO of Amazon, Jeff Bezos, recently sold almost $3 billion worth of Amazon stock during a notable rise in the company’s value. Amazon’s strong third-quarter performance has caused its shares to rise significantly, and Bezos’ stock sale is part of a pattern where top executives take advantage of market gains. Because his mother lives in Miami, Bezos has family links to the area. Bezos is able to support Blue Origin’s developmental stages and upcoming space flights thanks to these Amazon stock transactions, which also help the company grow. His recent stock sale confirms his ability to raise substantial sums for his ongoing and upcoming undertakings, but his move to Miami may signal a change in lifestyle.

Source: Hindustan Times November 04, 2024 23:45 UTC