to sell a large amount of the company’s shares. This came as a regulatory filling, only after the company reached record high prices.
This information was disclosed in a notice from this Tuesday, after market hours, finding out that the proposed number of shares that can be sold reaches 25 million. The stock hit its all-time high price of $200.43 during that time, having a 30% overall growth over this year.
At the end of last month, Amazon’s stock market valuation reached $2tn, proving that the investment in artificial intelligence really paid off.
Amazon Inc. was founded in 1994 by Jeff /Bezos and it is an American multinational tech company that has as its main industries e-commerce, cloud computing, online advertising, digital streaming, and even AI. even more so, the company is considered to be one of the largest companies in the United States, along with Alphabet, Apple, and Meta.
Cadabra or Abracadabra, named early on, Amazon started its journey as a bookseller, leveraging the power of the internet to get closer to the readers. Bezos, hand-delivering the orders to the post office.
However, even after selling those shares, Bezos would still own about 912 million of Amazon Shares, or 8.8%. Making him the second-richest person in the world (according to Forbes Billionaires list), Bezos has an incredible net worth, close to $214.4 billion.
It is also worth mentioning that Amazon is not his only company. Bezos is also the founder of Blue Origin, an aerospace manufacturer, that also launched a six-person crew to the edge of space in May.
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