Jeff Bezos sold $4.1 billion of Amazon shares in one week. Why?

[anothernewbbaccount]

@gracchus

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.

What’s with all the negative waves, man?
He just wants to sell some stock so more people can share ownership with him.

Negative Waves

[FGD135]

Or some serious Scrooge McDuck cosplay.

[anon18417063]

@QuickBrownFox

That would be AMAZING beyond WORDS!!! Do it Bezos!!

maybe he’s planning an elaborate ecumenical suicide?

[nonofyrpenguins]

It’s entirely possible he lost his balls in the divorce and needs to buy another set.

[glenblank]

Indeed, he has previously stated that his default business plan for Blue Origin was ~“Every year, I sell off a billion dollars worth of Amazon stock, and give the money to Blue Origin…”~

And that was before the original Blue Moon proposal and the current Blue Origin/Lockheed/Northrop Grumman/Draper Labs partnership to build a lander for NASA’s Artemis moon program.

So I suspect that at least half of the current stock-sale proceeds will go directly to Blue Origin.

(The Blue business plan adheres perfectly to the NewSpace cliché that “The secret to making a small fortune in the space business is to start with a large fortune.” )

[apalatn]

Maybe to space? Can we launch him into the sun?

[dontpanicbobby]

He needed walking round money.