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Jeff Bezos Plans To Sell Amazon Stock Worth Up To $5B
Amazon founder and former CEO Jeff Bezos intends to sell up to 25 million shares of stock in the tech company over the next year.
President Trump said he called Bezos directly to complain about a reported plan being considered by Amazon to list the exact cost of tariffs on its website. Even though Bezos is less involved in the day-to-day running of the tech giant, within hours of Trump’s call, Amazon publicly downplayed the potential plan to list tariffs before abandoning it entirely. Three other members of Amazon’s board of directors also said they plan to sell a smaller number of shares, worth about $3.5 million combined as of Friday trading.
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