Jeff Bezos discloses plan to sell up to $4.8 billion in Amazon stock

Core Points - Jeff Bezos plans to sell up to 25 million shares of Amazon over the next year, valued at approximately $4.8 billion at current prices [2] - The share sale is part of a trading plan initiated on March 4, following Amazon's first-quarter earnings report which showed profits and revenue exceeding estimates, but a forecast for operating income below Wall Street expectations [2] - Bezos previously sold about $13.5 billion worth of Amazon shares last year, marking his first stock sale since stepping down as CEO in 2021 [3] Company Developments - Since stepping down as CEO, Bezos has focused more on his space exploration company, Blue Origin, and his $10 billion climate and biodiversity fund [4] - The funds from Amazon share sales have been utilized to support Blue Origin and the Day One Fund, aimed at providing education in low-income communities and addressing homelessness [4] Market Context - Amazon is facing uncertainty due to new tariffs proposed by the Trump administration, which has led to direct communication between Trump and Bezos regarding Amazon's plans to inform shoppers about tariff costs [3]