Amazon CEO Jeff Bezos testifies via video conference during a hearing on Antitrust, Commercial and Administrative Law, in Capitol Hill, in Washington DC, United States, July 29. — Graeme Jennings/Pool via Reuters
The numbers are eye-popping: One million Amazon.com Inc shares offloaded for more than US$3.1bil (RM12.98bil). And yet for the seller, Jeff Bezos, it barely puts a dent in his stake in the e-commerce giant.
The disposal, disclosed on Aug 5 in US Securities and Exchange Commission filings, adds to a US$4.1bil (RM17.16bil) sale earlier this year. The proceeds are a fraction of the amount that Bezos’s holdings have increased this year as the Covid-19 pandemic forced people to stay at home and created a surge in demand for Amazon’s e-commerce services.
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