Times of IndiaLean R·
Amazon shares fall as market cap crosses $3tn, analysts link it to Jeff Bezos
Amazon briefly surpassed three trillion dollars in market value. Founder Jeff Bezos plans to sell fifteen million shares valued at over four billion dollars. This sale follows a strong second-quarter earnings report for the e-commerce giant. Bezos has previously sold significant amounts of Amazon stock since 2002. His remaining stake in the company remains substantial despite these transactions.
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