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HomeInternationalJeff Bezos expected to sell more Amazon shares worth $1 billion: Report 

Jeff Bezos expected to sell more Amazon shares worth $1 billion: Report 

Jeff Bezos, the founder of Amazon.com, is anticipated to sell more of his stake in the company. Last week, he sold shares valued at around $240 million, and now, according to CNBC, he may offload 8 million to 10 million shares, potentially exceeding $1 billion.

No immediate response was received from a representative for Bezos or Amazon regarding the reported share sale. 

Amazon’s shares, however, were trading 2.5% lower on Tuesday.

Since stepping down as Amazon’s CEO, Bezos has been selling his shares in the e-commerce giant to fund his space venture, Blue Origin. 

Earlier this month, he announced his move from Seattle to Miami, a decision driven by the proximity to his parents and Blue Origin’s operations in Cape Canaveral.

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BRL Editor
BRL Editorhttps://businessreviewlive.com
Business Review Live covers finance, technology, travel, lifestyle, and everything in between through exclusive interviews and analysis, market statistics, digital video, and an expanded array of content formats.