As Bezos divorce unfurls, investors wonder — what does it mean for Amazon? - News Summed Up

As Bezos divorce unfurls, investors wonder — what does it mean for Amazon?


Amazon shares seesawed on Thursday as investors questioned how the impending divorce of company founder Jeff Bezos would affect his control of the most valuable company on Wall Street and its ambitious expansion plans. Amazon shares were down 0.5 per cent in afternoon trading on Thursday, after gaining earlier in the session. —@DougKass"Is it premature to ask what happens to Amazon when Jeff Bezos chooses to turn over the day-to-day running of the company he founded?" MacKenzie Bezos would also need to file a similar record if she received more than 5 per cent of Amazon stock. Davidson, said questions about the future of the company due to the divorce are legitimate due to Jeff Bezos' outsized influence on its value.


Source: CBC News January 10, 2019 20:37 UTC



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