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Billionaires Are Selling Mega-Sized Stock Blocks After Surge.

Authors :
Pendleton, Devon
Stupples, Ben
Source :
Bloomberg.com; 5/15/2021, p1-1, 1p
Publication Year :
2021

Abstract

Brin, who has signaled that he intends to sell as many as 250,000 Alphabet Inc. shares, has disposed of $163 million worth of stock in recent days, his first sales in more than four years, filings show. Bezos, Ellison Whatever the reason, the sales are flooding the market with yet more liquidity, the consequences of which will ripple through philanthropy, the art market, real estate and other niches. Keywords: AMZN; CRWD; CVNA; FB; GOOGL; ORCL; ZM; ALLTOP; BUSINESS; COS; EXE; GEN; GOV; INDUSTRIES; LAW; MARKETS; NORTHAM; STK; TEC; TMT; TOP; US; WEALTH; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN AMZN CRWD CVNA FB GOOGL ORCL ZM ALLTOP BUSINESS COS EXE GEN GOV INDUSTRIES LAW MARKETS NORTHAM STK TEC TMT TOP US WEALTH WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU Stock sales are reaping a windfall for the world's richest shareholders. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
150314649