Amazon founder Jeff Bezos will sell up to 50 million shares of the e-commerce giant by January 31, 2025. writes about this Reuters Referring to the company’s report.
The plan was agreed to in November 2023, Amazon said in a press release. At the current price of $171.8 per security, the total sales price is estimated at $8.6 billion.
Amazon shares rose 7.87% to $171.81 on Friday after reporting positive financial results for the holiday quarter. The company’s net profit in the October-December period reached 10.6 billion dollars, compared to 278 million dollars in the same period of 2022. Operating profit for the year increased 5 times to $13.2 billion, while analysts were predicting $10.4 billion.
Despite strong performance, Amazon at the end of the year I went down It rose from first place to fourth place in the list of the world’s most expensive brands. Apple takes the lead in 2023.
Previously recognizedHow much Mark Zuckerberg will earn from Meta dividends (recognized as an extremist and banned in Russia).