Jeff Bezos, founder and chief executive officer of Amazon, poses as he stands atop a supply truck during a photo opportunity at the premises of a shopping mall in Bangalore, India, September 28, 2014.
PHOTO: REUTERS
After Amazon, other retailers fight for bigger slice of e-commerce
In the last three days of July, Bezos has sold stock worth about $1.8 billion, regulatory filings with the Securities and Exchange Commission showed.
Amazon declined to comment on Bezos’ stock sale.
The move comes as part of a previously announced 10b5-1 trading plan. Bezos had previously said he plans to sell stock worth about $1 billion each year to fund his rocket company, Blue Origin.
Amazon warehouse workers in Minnesota set walkout on ‘Prime Day’
Bezos’ former wife, Mackenzie Bezos, who currently owns Amazon stake worth more than $37 billion, is now the online retailer’s second largest individual shareholder.
1732347751-0/Express-Tribune-(1)1732347751-0-270x192.webp "hyundai recalls over 145 000 electric vehicles in us")
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ