Bezos sold $100 Million of Stock right after Christmas Season Started
$100 million is not insignifigant to anyone. It is a huge proportion of his liquid worth. It was a planned sale but can be easily pulled back or canceled if he thought the stock would be significantly higher after earnings. I am amazed at the retail people here that think they know more than the CEO of the company. Because people know there is time lost in shipping (and sometimes backorders) they start their on-line Christmas shopping about 10 days earlier than regular shopping. Bezos saw their sales were coming in much slower than expected at end of November and he sold - so did many other insiders. My nephew and his friends also saw sales were much slower, and they were let go. This stock is not a crashed and burned NFLX - it is APPL at $700 times 100. There is going to be pure carnage after earnings and Cramer is going to once again act like he did nothing wrong even though he wiped out thousands of people.
"It was $200MM. And he sold $2B over the past two years. Actually, the Cyber week was very strong and that is about when he sold.
The issue isn't revenue. It is the underlying profit potential...."
Tech, nice job watching the wealth transfer from the many to the few az rich dude bezos cashez hiz locked up private equity before the amzn ipo and/or hiz free optionz and stock grants so that amzn may "keep and retain its quality leadership".... Like you, Sybs corrected the idiot that originated this post a week ago, but here it still sits, az wrong now az it waz last week.