Whoa... Bezos sold 1MM shares ~$350MM since Nov 1!
Of course, the revenue change that allowed the revenue beat "wasn't material" to overall revenues, but was material to beating rather than missing. Wonder where AMZN would have fallen had it missed on revenues?
- Wilke has sold 70% of his holdings since late September.
- Bezos unloads another $350MM worth...
- Szkutak (CFO) unloads almost 20% of his position (note he, Wilke and others have more or less been selling along the way, this is a further reduction beyond the "flow")
Unbelievable. Truly Unbf'kenlevable. I hope the NYT, Post, WSJ etc run a nice story about this alongside all of the free press for whatever the latest Amazon promotion happens to be.
Your 401K will be left holding the bag for what these folks omitted and the analysts refused to press on during the conference call...