Jeff Bezos, the founder of Amazon, plans to sell the company’s stock of about $ 4.8 billion next year because the technology giant is facing the impact of Trump’s government tariffs.
Bezos, in accordance with Amazon’s financial disclosure in federal regulators, approved what is known as a 10B5-1 trading program in March and had the right to sell up to 25,000,000 Amazon shares by May 2026.
Technology billionaire, who stepped down as Amazon’s CEO in 2021 but still is the company’s executive chair and shareholder, took a similar step to loading $ 8.5 billion in Amazon’s shares last February.
The money could be to support the non -Amazon prosecution of Bezos, including his multi -billion dollar humanitarian and water origin.
The potential sale of Amazon at a complex moment comes because it is trying to move in the new presidential government and its business policies again and again.
While the company’s first quarter financial outcomes on Thursday showed that 9 % of the net sales of last year and a $ 3.1 billion increase in operational revenue, they also referred to “fear of recession” and uncertainty about “tariffs and business policies”.
“Obviously, none of us know exactly where the tariffs are settled,” said Andy Jesse, chief executive of the recent investor. New York Times Reports
Jesse added: “The company” crazy “is focused on keeping prices down and collecting extra inventory as a pot against tariffs.
These preparations have placed Amazon and Bezos in the White House seats.
The Trump administration criticized the company earlier this week after Amazon’s reports showing information on how tariffs are considering rising prices for specific products.
“This is a hostile and political act by Amazon,” the press secretary. “Why didn’t Amazon do it that the Biden government reached the highest level in 40 years?”
Later, Amazon said such a disqualification “has never been approved and does not happen”, and Donald Trump claimed that Bezos himself would help resolve the problem.
Trump has attacked Bezos in the past due to issues such as billionaire ownership in the past Washington Post And Amazon’s relationship with the US Postal Service.
However, when Trump was ready to return to the White House, Bezos was looking for closer links and attended the Trump Opening Fund for Trump’s inauguration.
