Jeff Bezos, Amazon's executive chair, has announced that he plans to sell up to $4.75 billion worth of Amazon stock within the next year, utilizing a trading plan that concludes on May 29, 2026. This follows a significant $13.4 billion sale last year. In the context of Amazon's first-quarter earnings report indicating a 9% revenue increase to $155.7 billion, the company's share price fell due to concerns about Donald Trump's trade tariffs. There are rising prices on Amazon's platform, particularly affecting Chinese imports, leading to controversy surrounding the company's potential communication about tariffs to customers.
Jeff Bezos plans to sell up to $4.75bn worth of Amazon stock over the next year as part of a trading plan ending on May 29, 2026.
Despite a 9% increase in Amazon's revenue to $155.7bn, shares dropped post-earnings report, influenced by concerns over Trump's trade tariffs.
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