capitalism
Out of context: Reply #539
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- utopian2
This is how American Capitalism works!
Bezos Sells $3.1 Billion of Amazon Shares After Wealth Jumps
The numbers are eye-popping: 1 million Amazon.com Inc. shares offloaded for more than $3.1 billion. And yet for the seller, Jeff Bezos, it barely puts a dent in his stake in the e-commerce giant.
The disposal, disclosed Wednesday in Securities and Exchange Commission filings, adds to a $4.1 billion 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.
For Bezos, 56, this year has been a reversal from years of relative restraint in reducing his stake in Amazon. He still holds more than 54 million shares and is worth $189.8 billion, according to the Bloomberg Billionaires Index. His net worth has surged by $74.9 billion this year with Amazon stock rising 73%.
- Yup. He'll end up being the poster boy for greed if he doesn't do something soon.formed
- He should personally pay for every human to have unhindered access to any covid test, treatment or vaccine. That would be a start.monospaced
- Why mono? Look at my profile for mono fundeathboy