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Rebel Capitalist News

News: Jeff Bezos Just Shocked Everyone By Doing This...

Rebel Capitalist News

George Gammon

Thrive, Wealth, Gold, Finance, Macroeconomics, Education, Protect Wealth, Real Estate, Learn, Business, Investing, Government, Economics, How To

4.71K Ratings

🗓️ 21 February 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.✅If you want to see what I'm doing with my portfolio this year, check it out here https://www.georgegammon.com/2024 ✅Come To Rebel Capitalist Live In Orlando May 31- June 2! https://rebelcapitalistlive.com/ ✅Check out my private, online investment community (Rebel Capitalist Pro) with Chris MacIntosh, Lyn Alden and many more for $1!! click here https://georgegammon.com/pro ✅Rebel capitalist merchandise https://www.rebelcapitaliststore.com

Transcript

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0:00.0

Hello, Hello, Rebel Capital's hope you are well.

0:03.0

So Jeff Bazaos just came out and shocked everybody by doing what?

0:09.8

You may be asking yourself,

0:12.0

by getting engaged to a gal looks like a porn star, not that there's anything with the way porn stars look, but no, that's not it by coming out and selling more Amazon stock. And it's not that he's just selling more Amazon stock and it's not that he's just

0:25.2

selling more Amazon stock based on this recent report they said that he's going to be

0:30.4

selling 50 million shares throughout 2024.

0:38.0

50 million shares of Amazon.

0:42.4

Let's go over to this story and if you guys remember we talked about this like

0:46.8

Josh what was it like three four months ago? He dumped a ton of shares back then as well

0:53.6

And I was saying, okay, well, what does this mean here?

0:56.6

Because if anyone has their pulse

0:59.1

or their finger on the pulse of the economy,

1:01.8

it's gonna be Jeff Bezos in Amazon that I mean they sell the stuff

1:05.4

that consumers buy they just sell stuff they sell everything pretty much that

1:09.6

you buy so think about how much insider intel he has on consumer behavior or the health of the economy.

1:18.0

So three or four months ago and we did that story, if my memory serves me correctly, he hadn't sold shares up to that point.

1:26.0

He hadn't sold, or the last time that he had sold shares, I guess that's a better way of saying it,

1:32.0

prior to that point was 2021.

1:34.6

And so then three months ago start selling, but the excuse that they made is, oh, he's just,

1:41.0

he does this once a quarter to fund his rocket ships or whatever but now

1:47.6

he's doing it again into a much greater degree and if my memory is is serves me well prior to 2021 he had he had never sold a share of Amazon so let's get over to this article from C. M. C. Get into the details and try to connect some dots.

2:05.4

Jeff Bazel's unloads around 2.4 billion in Amazon stock

...

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