Amazon: Jeff Bezos Sells $3B Worth of AMZN Stock
In a rather surprising development for the company, Jeff Bezos has sold $3 billion worth of his position in Amazon (AMZN) stock. Indeed, the founder of the e-commerce titan has reduced his stake in the company, with him now selling a total of $13 billion worth of the stock throughout 2024. The move is rather surprising considering the dominant position that Amazon currently finds itself. The company has been thriving in the AI and cloud-based computing sectors, which have enjoyed increased demand this year. Moreover, it is projected to continue growing in value with a positive trajectory forming for 2025. Source: CNBC Also Read: Amazon Stock up 7% as AI Growth Drives AMZN Surge Amazon Founder Dumps Stock: Bezos Offloads $13 Billion in 2024 There are few companies better positioned to take advantage of current stock market trends than Amazon. It has seen its Amazon Web Services (AWS) business become one of its primary functions. Moreover, its foray into AI has been a success to this poi...