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August 06 - 09:08
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Jeff Bezos takes Amazon stock sale to $2.8 billion
Jeff Bezos continues to sell off Amazon stock, last Thursday offloading $990 million worth of shares. That took his total figure last week up to $2.8 billion. Bezos will use the cash to fund Blue Origin, his rocket company. He has previously stated his plans to sell $1 billion worth of stock each year to support that project. The latest transactions were part of an arranged 10b5-1 trading plan.
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