SCIENCE & TECH: Jeff Bezos’ Amazon Stake Dips Below 10% as Sell-Off Streak Continues – U-S-NEWS.COM

SCIENCE & TECH: Jeff Bezos’ Amazon stake dips below 10% as sell-off streak continues – U-S-NEWS.COM

Jeff Bezos’ ownership stake in Amazon has fallen below 10% — marking a milestone in the billionaire’s decades-long relationship with the e-commerce giant he built from a Seattle garage. The Amazon founder disclosed in an April securities filing that he holds 9.6% of the company’s outstanding shares after unloading more than 100 million shares over the past year. A year ago, Bezos controlled about 10.1% of the company, according to regulatory rec…

channelnews : What Does Amazon Founder Know After Sell Down OF Massive Amazon Stake

Amazon founder Jeff Bezos and his former wife MacKenzie Scott are significantly reducing their ownership stakes in the e-commerce giant, with new regulatory filings showing Bezos’ shareholding has dropped below 10% for the first time. When Bezos stepped down as Amazon CEO in 2021, he still held around 14% of the company — down from the 43% stake he controlled when Amazon went public in 1997. However, filings this week reveal that his ownership h…