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

    Business
    Amazon owner Jeff Bezos expected to sell more shares worth $1 billion: Report
    Bezos' representative did not immediately respond to a Reuters demand for comment, nor did Amazon...

    Digital Desk: CNBC reports reveal that, Amazon.com founder Jeff Bezos is anticipated to sell more of his stock in the company on Tuesday after selling shares worth around $240 million last week.

    According to the report, Bezos may sell up to 10 million shares for more than $1 billion.

    Bezos' representative did not immediately respond to a Reuters request for comment, nor did Amazon, whose stock was trading 2.5% lower on Tuesday.

    Bezos has been dumping his shares in Amazon since stepping down as CEO to fund his space enterprise Blue Origin.

    Bezos announced earlier this month that he would relocate from Seattle to Miami to be closer to his parents and Blue Origin's Cape Canaveral operations.

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