Stake Archives - Republic Aeon https://republicaeon.com/tag/stake/ Know Your World! Thu, 23 Nov 2023 10:38:35 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 https://republicaeon.com/wp-content/uploads/2022/11/cropped-RA_LIGHT_FINAL-removebg-preview-32x32.png Stake Archives - Republic Aeon https://republicaeon.com/tag/stake/ 32 32 Report: Jeff Bezos is anticipated to sell additional Amazon shares worth $1 billion. https://republicaeon.com/report-jeff-bezos-is-anticipated-to-sell-additional-amazon-shares-worth-1-billion/ Thu, 23 Nov 2023 10:38:35 +0000 https://republicaeon.com/?p=26981 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 […]

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]]> 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.

Report: Jeff Bezos is anticipated to sell additional Amazon shares worth billion.

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.

Also read:Current status of Tata Technologies IPO Subscriptions: Over eight subscriptions to the offer

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.

 

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