Jeff Bezos sold $3.4bn of Amazon stock just before VOVID-19 collapse

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    • #294531
      Mr. Mickeys Mom
      • Total Posts: 4,938

      As trillions of $’s were wiped off stock markets some of the world’s richest got lucky… (luck really had nothing to do w/it)
      Amazon founder and CEO Jeff BezosSource: The Guardian

      Millions of people across the world have lost their jobs, and trillions of dollars have been wiped off the value of stock markets.

      But not everyone has lost out. Jeff Bezos, the world’s wealthiest person, is $5.5bn (£4.3bn) richer today than he was at the start of the year. His paper fortune, held mostly in Amazon shares, rose by $3.9bn on Thursday alone to $120bn – enough to buy 188,000 standard gold bars (even taking into account the soaring price of gold).

      Bezos, 56, benefited this week from the best three-day stock market rally since 1933 helping Amazon’s share price to recover almost all of its losses this month to trade at about $1,920, though that was slightly down on their peak of $2,170 in February. Bezos owns about 12% of Amazon’s shares.

      Hell, no... I'm not giving up...

    • #294562
      Cold Mountain Trail
      • Total Posts: 10,743

      It’s my conspiracy theory that the fix has been in for bezos from the beginning.  No profits for a decade but the market didn’t punish him, because digital shopping & the destruction of physical retail was planned, the new company store.  Central control.  My conspiracy theory because all the bennies he got (decade long tax holiday & tax givebacks) don’t make sense unless somebody high up liked the idea.

      • #294666
        Mr. Mickeys Mom
        • Total Posts: 4,938

        We’re a captured audience and it sounds like Congress’ latest thousands of pages long fascist bill (surely was sitting on the shelf, waiting for the opportunity to be legislated) enables a digital exchange of goods and services tracked for ever… world without taking end… Amen.

        Hell, no... I'm not giving up...

      • #294670
        • Total Posts: 1,191

        because she and her constituents didn’t want to give Amazon a billion dollar property tax break in Queens.

        “There’s a new spirit abroad in the land. The old days of ‘grab and greed’ are on their way out. We’re beginning to think of what we owe the other fellow, not just what we’re compelled to give him. The time’s coming… when we shan’t be able to fill our bellies in comfort while others go hungry, sleep in warm beds while others shiver in the cold.... And God willing, we’ll live to see that day…” Basil Rathbone,"Sherlock Holmes Faces Death" (Universal 1943)

    • #294730
      Ohio Barbarian
      • Total Posts: 18,756

      OTOH, Bezos is inspiring people in all sorts of ways. I found this one by googling “guillotines images bezos” and it was the first thing to pop up:

      25+ Best Memes About Guillotine | Guillotine Memes

      It is better to vote for what you want and not get it than to vote for what you don't want and get it.--Eugene Debs

      Show me a man that gets rich by being a politician, and I'll show you a crook.--Harry Truman

    • #294852
      • Total Posts: 8,843
      1. Bezos regularly sells small (for him) amounts of amazon stock. This is routine, not insider, trading.
      2. Bezos is worth over 100 billion, if he really wanted to cash in he would have sold 10’s of billions.
      3. Amazon stock is not down significantly, so even if he did sell because of some info it didn’t do him any particular favors

      I don’t care for Bezos and he has a lot of blood on his hands but this isn’t one of his crimes.

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