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Jeff Bezos plans to sell up to $4.8 billion worth of Amazon stock over the next year.
Jeff Bezos plans to sell up to 25 million shares of Amazon stock over the next year, valued at around $4.8 billion. The sale, under a pre-arranged trading plan, comes after Amazon reported a 9% increase in net sales for the first quarter. Bezos, who stepped down as CEO in 2021, is now the company's executive chair. The move may be influenced by economic uncertainties, including potential impacts from trade policies.
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