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Jeff Bezos plans to sell up to 25 million Amazon shares valued at nearly $5 billion.

Jeff Bezos has sold as many as 25 million shares, based on a recent filing with the Securities and Exchange Commission. On Friday, Amazon disclosed this information in its quarterly SEC report. The billionaire founder mentioned last month that he had set up a trading plan designed to comply with Rule 10B5-1(c), which involved splitting […]

Jeff Bezos is selling almost $5 billion in Amazon shares.

Mark Mahaney, a senior market strategist at Evercore ISI, is set to discuss Reservation Holdings and Amazon on Varney & Co. Jeff Bezos has sold up to 25 million shares, as revealed in a recent SEC filing. In a report released on Friday, Amazon stated that Bezos had initiated a trading plan “designed to comply […]

Amazon shares slide on disappointing forecast, slowing cloud revenue

On Thursday, Amazon disappointed investors by reporting it forecast first quarter cloud revenue growth and operating profit below estimates. The company's shares fell by 5% in after-hours trading before moderated. The company's cloud unit Amazon Web Services saw its quarterly revenue rise of 16.9%, recording at $29.27 billion, with no forecasts of 17.4% growth and […]

Meta Platforms’ shares rise as revenue beats forecasts on boost from AI tools

The meta platform beat analysts' first quarter revenue estimates and rode strong advertising performances to match expectations for the next quarter on Wednesday, easing concerns from investors about the fear of tariff-related economic growth. The company's shares rose nearly 6% in extended transactions. The parent company of Facebook and Instagram reported revenue of $423.1 billion […]

Shares of Google parent Alphabet jump as advertising growth lifts revenue to over $90B

Google Parent Alphabet said it would buy back $70 billion worth of shares as it reported first-quarter profits exceeding Wall Street’s expectations on Thursday. Stocks rose 4% in extended transactions, adding about $75 billion to the company’s market value. Alphabet broke quarterly revenue estimates, benefiting from steady growth in its digital advertising business, offsetting the […]

Dave Portnoy shares rare comments about girlfriend Camryn D’Aloia

Dave Portnoy temporarily peeled off the curtains of his love life this week, almost 12 months after he and gal Pal Kamlin Daroia first made waves. Recent appearances “Drop PIN” podcastthe founder of Barstool’s Sports, looked back on the tragic boat incident in Nantucket last summer, and referenced his romance with Daroia, reflecting on his […]

AFT boss Randi Weingarten shares her ‘concern’ with SCOTUS case on LGBTQ books

The Supreme Court has filed a well-known First Amendment lawsuit after the Maryland school board retracted the original opt-out policy for books relating to gender and sexuality and urged a federal lawsuit. The High Court appears to be with his parents ahead of the final ruling, but President Randy Weingarten, of the American Federation of […]