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International Business Times
International Business Times
Business

Jeff Bezos Filed To Sell Billions Worth Of Amazon Stock. Its Shares Are Falling

Jeff Bezos Amazon Andy Jassy
Amazon's stock is declining on Tuesday following reports that company founder Jeff Bezos filed to sell more than $4 billion worth of shares. (Credit: Getty Images)

Amazon's stock is declining on Tuesday following reports that company founder Jeff Bezos filed to sell more than $4 billion worth of shares.

CNBC noted that the sale took place on Monday through Morgan Stanley. The company reached a historical $3 billion market capitalization for the first time on that day after investors cheered a blockbuster second-quarter earnings report. Shares have climbed more than 20% so far this year.

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