Jeff Bezos, the founder of Amazon, plans to sell about $5 billion worth of shares in the company after its market value reaches $2 trillion. This decision was made against the background of the growth of shares and the interest of investors in the potential of artificial intelligence.
Amazon stock sale
Bezos plans to sell
Jeff Bezos, who founded Amazon and is its largest shareholder, announced his intention to sell shares of the company worth almost $5 billion. This transaction will increase the total proceeds from the sale of securities to more than $13.4 billion, as reports Financial Time.
Amazon achievements and market situation
Bezos announced his intentions after Amazon's market capitalization reached $2 trillion. This success was made possible by the company joining a group of top US tech giants last month.
Amazon shares have risen by a third over the past year, driven by investor enthusiasm for the prospects artificial intelligence. Despite this, the company's market value is still inferior to such giants as Nvidia, Apple and Microsoft, which have already crossed the $3 trillion mark.
Bezos' role at the company
In 2021, Bezos stepped down as CEO of Amazon, but retained the role of executive chairman. He also remains the company's largest shareholder with a stake of around 9%.
Future Sale Details
The planned sale of 25 million Amazon shares in July for $4.9 billion is expected to take place after Bezos' previous sale of shares worth $8.5 billion in February.
Glossary
- Amazon is an American multinational technology company, one of the world leaders in the field of electronic commerce and cloud computing.
- Jeff Bezos is an American entrepreneur, founder and former CEO of Amazon, one of the richest people in the world.
- Financial Times is an international business newspaper specializing in business and economic news.
- Nvidia is an American technology company known for its graphics processors and chips for artificial intelligence.
- Apple is an American technology company, a manufacturer of personal and tablet computers, audio players, smartphones and software.
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Discussion of the topic – Jeff Bezos plans to sell Amazon shares for $5 billion: what does this mean for the company?
Amazon founder Jeff Bezos intends to sell about $5 billion worth of shares in the company after Amazon's market value reached $2 trillion. This will increase the total amount of shares sold by him to $13.4 billion.
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Oleksandr
Wow, incredible amounts! 🤑 I wonder where Bezos plans to invest this money? Maybe in a new space project?
Maria
Oleksandr, I think he is just diversifying his assets. But the real question is how this will affect Amazon's stock price. 📊 Maybe it's worth buying a few before it's too late?
Hans
Maria, be careful with such investments! Amazon, of course, is a giant, but $2 trillion is already too inflated. I wouldn't risk it now.
Sophie
And I am more interested in how Amazon plans to develop its AI. 🤖 Maybe Bezos is selling stocks because he knows something we don't?
Giovanni
Oh, these billionaires... 😒 They sell, they buy, but ordinary people are neither cold nor hot. It would be better to pay taxes normally!
Ewa
Giovanni, don't be such a pessimist! 😄 The development of companies like Amazon still creates jobs and moves technology forward. Although I agree that everything is not clean with their taxes.
Pierre
I wonder how this will affect the competition with other tech giants? 🤔 Apple and Microsoft have already crossed $3 trillion, can this force Amazon to develop more actively?
Oleksandr
Pierre, I think it will definitely push them to new innovations. Maybe we will finally see something revolutionary in e-commerce or cloud technologies? 💻🚀