AMZN - This Billionaire Founder Sold Over $13 Billion of His Company's Stock This Year Alone. Should Investors Be Worried?
2024-07-19 06:00:00 ET
Some numbers are so big that they're hard to grasp. For example, $13 billion. How do average people understand a figure so immense?
One way to put this number in context is to view it from a different angle. For example, spending $1 million daily, it would take over 35 years before the total spending topped $13 billion.
Accordingly, $13 billion in stock sales in just one year is an unbelievably gigantic figure. So why is Jeff Bezos selling so much Amazon (NASDAQ: AMZN) stock, and should investors be worried? Let's dive into what's going on.
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This Billionaire Founder Sold Over $13 Billion of His Company's Stock This Year Alone. Should Investors Be Worried?