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.
This story was reported by The Times of India. Read the full coverage at The Times of India.