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Big deal amid strong year Amazon founder Jeff Bezos sells Big deal amid strong year Amazon founder Jeff Bezos sells

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Big deal amid strong year: Amazon founder Jeff Bezos sells $2 billion worth of shares, with Amazon shares up more than 78%

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The founder and head of online retailer Amazon, Jeff Bezos, sold almost 12 million shares of the company for a total of over $2 billion. This is Bezos’ first stock sale since 2021 and part of his plan to sell up to 50 million shares between now and January 2025.

Big deal amid strong year: Amazon founder Jeff Bezos sells $2 billion worth of shares, with Amazon shares up more than 78%

Amazon founder Jeff Bezos speaks at the Economic Club of Washington in 2018. Source: Economic Club of Washington, DC Photo/Gary Cameron

According to the regulatory filing, the sale occurred in accordance with the trading plan approved by Bezos in November 2023 and described in Amazon’s annual report. The shares were sold over two days of the week at prices ranging from $169.71 to $171.02 per share. Amazon shares closed at $174.45 on Friday and are up more than 78% over the past year.

As of February 2023, Jeff Bezos controlled approximately 12.3% of Amazon shares, including shares of his ex-wife MacKenzie Scott. If he sells all 50 million shares in accordance with the plan, his stake will be reduced to 11.8%. The trade plan comes just six days after Bezos announced on Instagram that he was moving from Seattle to Miami.

The residence move also has financial implications for Bezos. With Washington state’s capital gains tax, which taxes profits over $250,000 on stock sales, Bezos could save about $600 million if he successfully pursues his Miami stock sale plan. Florida, where Bezos recently became a resident, is one of the states without such a tax.

Bezos’ drive is also reflected through his philanthropic foundations. He launched the $2 billion Bezos Day One Fund in 2018, focused on solving the problems of homeless families and developing early childhood education. Also in 2020, the Bezos Earth Fund was created with a budget of $10 billion aimed at climate initiatives.

Jeff Bezos’ sale of Amazon stock is drawing attention not only as a financial transaction, but also as a tax-saving opportunity and a continuation of his philanthropic efforts.

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Car News

Hyundai Creta N Line 2024 sports car declassified

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Hyundai Creta N Line 2024 sports car declassified

The sportiest version of the recently updated Hyundai Creta crossover has been declassified in India: orders for the Hyundai Creta N Line 2024 in the local market are already being accepted, but the official premiere will take place on March 11.

Hyundai Creta N Line 2024 sports car declassified

Judging by the photo, the crossover received more aggressive bumpers, a different radiator grille, and red accents on the body and interior design. Wheels will be 18 inches. According to Autocar India, the car will be offered in two trim levels: base and top-end. Accordingly, the first will have a manual gearbox, the second will have a robotic one. But there is only one engine – the most powerful: a 1.5-liter gasoline turbo engine with 160 hp.

Hyundai Creta N Line 2024 sports car declassified

Hyundai Creta N Line 2024 sports car declassified

Prices will be announced on the day of the premiere, but it is already clear that the Creta N Line will be the most expensive in the lineup.

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How much does it cost to repair Xiaomi 14 Ultra? The official price list for spare parts has been published

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How much does it cost to repair Xiaomi 14 Ultra

Xiaomi 14 Ultra has just gone on sale in China, but Xiaomi has already published the official price list for spare parts so that users understand how much it will cost to repair the device out of warranty.

How much does it cost to repair Xiaomi 14 Ultra?  The official price list for spare parts has been published

Despite the fact that Xiaomi 14 Ultra is currently the pinnacle of the Chinese company’s smartphone manufacturing, repair prices are approximately at the level of other flagships. Replacing the motherboard will cost the most – from 380 to 420 dollars, depending on the amount of memory soldered on it. Out-of-warranty replacement of the screen will cost $190, battery – $25, back cover – $40. Replacing the front camera is $10, speaker replacement is $5.

As for the camera, this is interesting. Replacing the main module with an inch Sony LYT-900 image sensor will cost $140! Replacement of a module with an ultra-wide-angle lens is $70, replacement of a module with a telephoto lens is only $25. And this is quite strange, since these modules use the same Sony IMX858 sensors, and the module with a telephoto lens is more complex due to the presence of an OIS system.

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Components

A mini PC weighing only 660 grams with an 8-core Ryzen 7 7840HS, 32 GB of RAM, a built-in screen and a fingerprint scanner – for $515. Tianbao GEM12 introduced

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A mini PC weighing only 660 grams with an 8 core

An atypical mini-computer went on sale on the Chinese marketplace JD.com. The creators of the device, called Tianbao GEM12, integrated a small screen and even a fingerprint scanner into the body, which can work as part of the Windows Hello biometric identification function.

A mini PC weighing only 660 grams with an 8-core Ryzen 7 7840HS, 32 GB of RAM, a built-in screen and a fingerprint scanner - for $515.  Tianbao GEM12 introduced

The hardware basis of Tianbao GEM12 is an 8-core 16-thread Ryzen 7 7840HS processor with a Radeon 780M graphics core. The device is sold as a DIY kit for $350 or as a pre-configured system: 16GB/512GB for $430 and 32GB/1TB for $515.

A mini PC weighing only 660 grams with an 8-core Ryzen 7 7840HS, 32 GB of RAM, a built-in screen and a fingerprint scanner - for $515.  Tianbao GEM12 introduced

A mini PC weighing only 660 grams with an 8-core Ryzen 7 7840HS, 32 GB of RAM, a built-in screen and a fingerprint scanner - for $515.  Tianbao GEM12 introduced

The mini-PC cooling system has two heat pipes and one fan. The screen is used to display the time, album covers when playing music, and processor load. There is an integrated 2.5 Gbps wired Ethernet adapter with two RJ-45 ports and a module that implements Wi-Fi 6 and Bluetooth 5.2 communications.

A mini PC weighing only 660 grams with an 8-core Ryzen 7 7840HS, 32 GB of RAM, a built-in screen and a fingerprint scanner - for $515.  Tianbao GEM12 introduced

Dimensions of the computer: 130 x 130 x 60 mm, weight: 660 grams.

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