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Amazon Hits $3 Trillion Market Cap as Bezos Plans $4 Billion Share Sale

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Amazon's market capitalization briefly crossed the three trillion dollar mark, a significant milestone for the e-commerce giant. Founder Jeff Bezos has announced plans to sell fifteen million shares worth over four billion dollars. The move comes on the heels of Amazon reporting strong second-quarter earnings. Bezos has a long history of selling Amazon stock dating back to 2002, though he retains a substantial stake in the company.

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