Originally published at: https://boingboing.net/2020/02/11/jeff-bezos-sold-4-1-billion-o.html
…
3 Likes
I suppose it’s a combination of anticipating the on-going uncertainty over the China trade war, over the effects of coronavirus on manufacturing, over the election (and the outcome’s potential impact on government contracts for AWS).
All that, combined with a sale of this size, makes a significant dip in price over the coming months very likely. He’s selling high but could very well buy right in again when it’s low.
22 Likes
18 Likes
Or he might simply be diversifying his investments.
5 Likes
I don’t think he’s going to sit on the cash. But he’s selling now for a reason.
8 Likes
He wanted to splurge on a vaction?
12 Likes
He probably saw some things he liked at T.J. Max for his house.
13 Likes
He may want to use the money to buy shiny new toys.
7 Likes
Politics? It seems like the popular sport for plutocrats these days.
10 Likes
Maybe he’s going to buy Fox News.
13 Likes
Maybe, but oof that is a dangerously fine line to walk. When a CEO sells & buys his own stock short term like that, he runs some serious risk of being accused of stock manipulation, especially with his feud with Trump and the SEC under Trump’s control.
8 Likes
That would be AMAZING beyond WORDS!!! Do it Bezos!!
3 Likes
well yeah…I mean that’s what you do…if you want to make money and all.
2 Likes
After hearing about Bill Gates’ (fake) plans to buy a mega yacht, Jeff probably wanted to buy a new boat to make sure his was bigger.
3 Likes
He has openly stated that he’s funding Blue Origin by selling Amazon shares.
10 Likes
Given his position and the amount of Amazon stock involved, there are additional benefits to buying back in for the long-term rather then just picking up another bargain (which I’m sure he’s doing in the short-term).
3 Likes
Duh, because dragons only ever work to increase the hoard.
9 Likes
He’s just freeing up some cash for his man-cave and a white cat.
22 Likes
And he sold $2.8 billion last July, a just slightly lower amount of stock.
Sold $1billion in Nov 17, about half as much stock.
6 Likes
Psssh, I once sold off 3% of my net worth in assets in one day. I miss that bike…
28 Likes
