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Jeff Bezos, the former chief executive of US-based technology company Amazon, made a significant move by selling nearly 12 million shares of his company’s stock, worth over $2 billion. The billionaire informed the US Securities and Exchange Commission (SEC) of the sale of 11,997,698 shares of common stock on February 7 and 8. In a separate SEC filing, Bezos also listed his intention to sell up to 50 million shares of Amazon, which would have a market value of $8.4 billion. The sale plan was initiated on November 8, 2023, and is expected to be completed by January 31, 2025. Bezos has sold over …

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