Jeff Bezos cashes out $3.1 billion in Amazon stock — more than his total share sales in all of 2019
. The company beat Wall Street's second-quarter expectations for profits and revenue on July 30.
Sales of Amazon-branded items surged 49% from the year-ago period, and Amazon Web Services passed $10 billion in quarterly revenue. The earnings beat further cemented Bezos's e-commerce giant as one of the few companies thriving through the coronavirus pandemic. Bezos previously hinted at how he plans to spend at least some of his stock profits. The CEO said in April he will sell roughly $1 billion in shares a year to fund his space travel company Blue Origin.The private-sector space race picked up steam in May after Elon Musk's Space X became the first company to launch astronauts to the International Space Station.
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