Techflash.com is reporting that Amazon Chief Jeff Bezos just sold more than a million Amazon shares.
The Amazon CEO reportedly sold the shares August 18-19, netting approximately $138 million. Bezos remains the majority shareholder in the company.
Techflash.com reports: “That brings Bezos’ Amazon stock sales this year to nearly $640 million. (Other big sales occurred in May and February.) It’s not clear what the Amazon CEO is doing with the proceeds. He has his own private investment firm Bezos Expeditions (recent investments include Doxo, which wants to eliminate paper bills, and health care startup Qliance). He’s also bankrolling his own commercial space flight project, Blue Origin, which wants to send paying customers into suborbital flight.”
This news comes as the new Kindle 3 is shipping this week.