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Bezos Unloads $4.1 Billion in Amazon Shares Amid Valuation Concerns

Guavy AI Editorial Team
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AMZN
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Amazon's CEO Jeff Bezos plans to sell approximately 15 million shares of Amazon.com Inc (AMZN) valued at around $4.1 billion, according to a recent announcement.

The sale comes after Amazon's stock reached an all-time high following the company's record-high quarterly earnings, which exceeded market expectations and pushed its market capitalization beyond $3 trillion.

However, after the news of Bezos' planned sale, Amazon's stock dropped over 2% in early trading.

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