Bezos executed a prearranged trading plan that he adopted in November and disclosed earlier this month, which said he could sell up to 50 million Amazon shares before January 31, 2025.
Bezos sold about 14 million shares on three consecutive days ending Tuesday at prices ranging from $166.41 a share to $170.89.
Jeff Bezos sold 50 million shares of Amazon stock for $8 billion
Jeff Bezos, the founder and executive chairman of Amazon.com Inc., has sold 50 million shares of his company's stock this month for around $8 billion. The sales were executed under a prearranged trading plan that he adopted in November and disclosed earlier this month, which said he could sell up to 50 million Amazon shares before January 31, 2025. Bezos sold about 14 million shares on three consecutive days ending Tuesday at prices ranging from $166.41 a share to $170.89.
Jeff Bezos has sold 14 million Amazon shares, worth around $2.4bn.
The latest sale brings the total number of shares he has sold in the firm over the last nine trading days to about 50 million, with a value of around $8.5bn.
Mr Bezos will save almost $600m in tax on the $8.5bn worth of stock he has sold by moving from Seattle to Miami.
Accuracy
No Contradictions at Time
Of
Publication
Deception
(30%)
The article is deceptive in several ways. Firstly, the author states that Jeff Bezos has sold another 14 million Amazon shares worth around $2.4bn (£1.9bn). However, this information is not accurate as it does not take into account the fact that these shares were previously owned by Mr Bezos and have already been included in his previous sales of Amazon stock over the last nine trading days to about 50 million shares with a value of around $8.5bn.
The article states that Jeff Bezos has sold another 14 million Amazon shares worth around $2.4bn (£1.9bn). However, this information is not accurate as it does not take into account the fact that these shares were previously owned by Mr Bezos and have already been included in his previous sales of Amazon stock over the last nine trading days to about 50 million shares with a value of around $8.5bn.
The article states that Jeff Bezos remains Amazon's biggest shareholder and is one of the richest people in the world with an estimated fortune of more than $190bn. However, this information is not accurate as there are other individuals who have a higher net worth such as Elon Musk.
The article states that Jeff Bezos will save almost $600m in tax on the $8.5bn worth of stock he has sold by moving from Seattle, Washington to Miami, Florida where there are no state taxes on incomes or capital gains. However, this is not accurate as Mr Bezos will still be liable for federal taxes.
The article states that Jeff Bezos' move to Miami was prompted by a potential tax bill he would have faced in Washington after the state approved a new tax on large stock sales. However, there is no evidence to support this claim and it seems unlikely given Mr Bezos' previous statements about his reasons for moving.
Fallacies
(85%)
The article contains several fallacies. Firstly, the author uses an appeal to authority by stating that Jeff Bezos is one of the richest people in the world without providing any evidence or context for this claim. Secondly, there are two instances where dichotomous depictions are used: 'Mr Bezos will save almost $600m in tax on the $8.5bn worth of stock he has sold' and 'Lauren Sanchez at Milan Fashion Week'. These statements create a false sense of opposition between saving money and attending fashion shows, which is not supported by any evidence or context provided in the article. Lastly, there are several instances where inflammatory rhetoric is used to describe Jeff Bezos' move to Miami: 'prompted speculation over whether it was because of a potential tax bill he would have faced in Washington after the state approved a new tax on large stock sales'. This statement creates an emotional response without providing any evidence or context for this claim. Overall, while there are no formal fallacies present in the article, these informal fallacies weaken its credibility and accuracy.
Mr Bezos is one of the richest people in the world
Lauren Sanchez at Milan Fashion Week
$600m tax savings on $8.5bn stock sale
prompted speculation over whether it was because of a potential tax bill he would have faced in Washington after the state approved a new tax on large stock sales
Bias
(85%)
The author of the article is Mariko Oi and she has a clear bias towards Jeff Bezos. The author uses language that depicts Mr Bezos as an extreme character who moves to Miami for tax reasons rather than personal ones.
Mr Bezos will save almost $600m in tax on the $8.5bn worth of stock he has sold.
Multi-billionaire Jeff Bezos
When Mr Bezos announced his move to Florida it prompted speculation over whether it was because of a potential tax bill he would have faced in Washington after the state approved a new tax on large stock sales.
Site
Conflicts
Of
Interest (100%)
None Found At Time Of
Publication
Author
Conflicts
Of
Interest (50%)
The author has a conflict of interest on the topic of Amazon and Jeff Bezos as they are both affiliated with Blue Origin. The article also mentions that Bezos is selling $8.5bn worth of shares in Amazon which could affect his ownership stake in the company.
Jeff Bezos unloaded 14 million Amazon.com Inc. shares worth about $2.4 billion, finishing in just nine trading days the plan he disclosed earlier this month to sell up to 50 million shares.
Bezos has a net worth of $191.3 billion, according to the Bloomberg Billionaires Index.
Accuracy
No Contradictions at Time
Of
Publication
Deception
(30%)
The article is deceptive in several ways. Firstly, the title implies that Bezos has sold all of his Amazon stock when in fact he only sold a portion of it. Secondly, the author uses sensationalist language such as 'most read' and 'largest Covid vaccine study yet', which are not relevant to the article at hand. Thirdly, there is no disclosure or mention of where Bezos plans to invest the proceeds from selling his stock.
The title implies that Bezos has sold all of his Amazon stock when in fact he only sold a portion of it.
Fallacies
(85%)
The article contains several fallacies. The first is an appeal to authority when it mentions that Jeff Bezos unloaded 14 million Amazon shares worth about $2.4 billion and that he has a net worth of $191.3 billion according to the Bloomberg Billionaires Index.
Jeff Bezos unloaded 14 million Amazon shares worth about $2.4 billion
He has a net worth of $191.3 billion according to the Bloomberg Billionaires Index.
Bias
(85%)
The article contains a statement that Bezos sold $2.4 billion worth of Amazon stock in just nine trading days, which is highly biased towards the negative side.
> Jeff Bezos unloaded 14 million Amazon.com Inc. shares worth about $2.4 billion,
Site
Conflicts
Of
Interest (50%)
Spencer Soper has a conflict of interest on the topics of Jeff Bezos and Amazon.com Inc.
Author
Conflicts
Of
Interest (50%)
Spencer Soper has a conflict of interest on the topics of Jeff Bezos and Amazon.com Inc.
Jeff Bezos has sold 50 million Amazon shares this month, for around $8 billion
Bezos still owns about $164 billion in Amazon stock.
Accuracy
Jeff Bezos has sold 14 million Amazon shares, worth around $2.4bn.
The latest sale brings the total number of shares he has sold in the firm over the last nine trading days to about 50 million, with a value of around $8.5bn.
Mr Bezos will save almost $600m in tax on the $8.5bn worth of stock he has sold by moving from Seattle to Miami.
Deception
(0%)
The article is deceptive in several ways. Firstly, the author does not disclose their sources and instead uses vague language such as 'limited time offer' to manipulate readers into subscribing. Secondly, the article contains a call-to-action that encourages readers to purchase a subscription without providing any information about what they will receive or how much it costs. Lastly, the author uses emotional appeals by stating that over a million people pay for access to the Financial Times.
The sentence 'Subscribe now and save up to 40% on Standard Digital' is deceptive because it does not provide any information about what readers will receive or how much they will pay.
The sentence 'Why the FT?' uses emotional appeals and implies that over a million people read the Financial Times, which may not be entirely accurate.
The phrase 'Limited time offer' is used to manipulate readers into subscribing without providing any specific details.
Fallacies
(85%)
The article contains an appeal to authority fallacy by stating that over a million readers pay to read the Financial Times.
Jeff Bezos sold 50 million Amazon shares this month, for around $8 billion
Bezos still owns about $164 billion in Amazon stock.
Accuracy
Jeff Bezos sold 14 million Amazon shares, worth around $2.4bn.
Bezos has a net worth of $191.3 billion, according to the Bloomberg Billionaires Index.
Deception
(30%)
The article is deceptive in several ways. Firstly, the author claims that Jeff Bezos sold $8 billion worth of Amazon shares this month when in fact he has only sold around $5 billion so far. Secondly, the author states that Bezos's total stock sales for this month are about 50 million shares which is incorrect as it implies that he has not yet completed his pre-arranged plan to sell some of his Amazon stock by January 2025. Thirdly, the article claims that Bezos sold around $166.41 a share and $170.89 a share but these prices are inaccurate as they do not reflect the actual price at which Bezos sold his shares.
The article claims that Bezos sold around $166.41 a share and $170.89 a share but these prices are inaccurate as they do not reflect the actual price at which Bezos sold his shares.
The article claims that Bezos's total stock sales for this month are about 50 million shares which is incorrect as it implies that he has not yet completed his pre-arranged plan to sell some of his Amazon stock by January 2025. This is a lie by omission as it implies that the author knows more than what they have stated in their article.
The author states that Jeff Bezos has sold about 50 million Amazon shares this month, for around $8 billion when in fact he has only sold around $5 billion so far. This is a lie by omission as it implies that he has completed his pre-arranged plan to sell some of his Amazon stock by January 2025.
Fallacies
(85%)
The article contains an appeal to authority fallacy by stating that Jeff Bezos sold $2 billion tranche of stock in recent days and bringing his total stock sales this month to about $8 billion. The author does not provide any evidence or context for why these statements are true.
Bias
(85%)
The author has a clear bias towards the stock market and is reporting on Jeff Bezos's stock sales. The article mentions that Bezos sold $2 billion in tranches of about 14 million shares each at prices ranging from $166.41 to $170.89, for roughly $2.2 billion.
Amazon founder and Executive Chairman Jeff Bezos sold another $2 billion tranche of stock in recent days
The most recent sales bring the total to about 50 million shares
the maximum amount in a pre-arranged plan to sell some of his Amazon stock by January 2025.
υBezos had previously offloaded about 36 million shares since Feb. 7, in tranches of around 12 million shares apiece.
Site
Conflicts
Of
Interest (50%)
Mike Murphy has a conflict of interest on the topics of Amazon and Jeff Bezos as he is an owner of MarketWatch which is owned by News Corp. Additionally, there are financial ties between Elon Musk and Bernard Arnault who may have influenced the article.
Author
Conflicts
Of
Interest (50%)
The author has a financial conflict of interest on the topic of Amazon stock sales as they have sold $8 billion worth of shares in the company.
Jeff Bezos attends the world premiere of The Lord Of The Rings: The Rings Of Power in August 2022.
Bezos sold approximately $4.37 billion worth of Amazon stock since late last week, bringing his total sales for the month to around $6.3 million shares.
Accuracy
No Contradictions at Time
Of
Publication
Deception
(30%)
The article is deceptive in several ways. Firstly, the title of the article mentions that Jeff Bezos unloaded around $2.4 billion in Amazon stock but fails to mention that he has sold a total of 50 million shares since the start of February which amounts to more than $6 billion.
The title mentions only one sale and not all sales made by Jeff Bezos
The article does not disclose the total amount of stock sold but instead focuses on individual sales
Fallacies
(85%)
The article contains several fallacies. The author uses an appeal to authority by stating that Jeff Bezos sold around $2.4 billion in Amazon stock and citing a securities filing as evidence without providing any context or explanation of what the filing means or why it is relevant.
Bias
(85%)
The article contains multiple examples of bias. Firstly, the author uses language that dehumanizes Jeff Bezos by referring to him as 'Amazon founder and executive chairman' rather than just his name. This is an example of religious bias as it implies that Amazon is a religion or cult rather than a company. Secondly, the article quotes multiple sources who describe Bezos selling stock in negative terms such as 'unloading', which suggests that he is getting rid of something unwanted and undesirable, rather than simply divesting himself from his holdings. This is an example of monetary bias as it implies that money has a moral value and can be good or bad depending on how it's used. Finally, the article uses language such as 'Bezos sold about 12 million Amazon shares worth approximately $2.03 billion', which suggests that Bezos is only selling his stock for financial gain rather than any other reason, such as to fund a new project or venture. This is an example of ideological bias as it implies that money and profit are the ultimate goals in life.
$240 million worth of Amazon shares last year
Amazon founder and executive chairman Jeff Bezos
Bezos sold about 12 million Amazon shares worth approximately $2.03 billion
Site
Conflicts
Of
Interest (50%)
Annie Palmer has a financial tie to Amazon as she is an author for CNBC which is owned by Comcast. Additionally, the article discusses Jeff Bezos' stock sales in Amazon and Blue Origin.
