Just before COVID19 disaster, Bezos dumped $3.4B in amazon shares

Nabanita Dutta

News Editor
Image Credit: shortpedia

Just before the US stock market crashed Amazon CEO Jeff Bezos dumped $3.4 billion in Amazon shares. However, he is not alone. Thousands of insiders made similar moves just before the market crashed due to COVID19 crisis. In just the first week of February, Bezos dumped more shares than he did in the last 12 months. In case, Bezos held on to those shares, he would have faced a huge loss estimated around $110 Billion, on paper.