Jeff Bezos is selling 50 million Amazon shares this year — could this mean big changes to come?

In a recent filing (via Reuters), Amazon founder Jeff Bezos announced plans to sell up to 50 million shares in the company before January 31, 2025.

The shares, currently valued at around $8.6 billion based on the current share price of $171.80, will be sold as part of a plan that was first outlined in November 2023.

Amazon shares rose by around 8% after the company announced its most recent quarterly earnings, which had been higher than anticipated.

Read more at: https://www.techradar.com