Abhitesh
A source told CNBC that Amazon.com founder Jeff Bezos will likely sell more of his stake in the company on Tuesday. Last week, he sold shares worth about $240 million.
The story said that Bezos could sell between 8 and 10 million shares, which would bring in more than $1 billion.
A representative for Bezos did not reply right away to a request for comment from Reuters. Neither did Amazon, whose shares were trading 2.5% lower on Tuesday.
After leaving his job as CEO of Amazon, Jeff Bezos has been selling off his shares in the huge online store to raise money for his space company, Blue Origin.
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At the beginning of the month, Bezos said he was going from Seattle to Miami to be closer to his parents and Blue Origin’s operations at Cape Canaveral.
