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Amazon CEO Jeff Bezos Cashed in Another $990 mn Amazon Shares

The world’s richest man gave his former wife MacKenzie a fourth of his Amazon stake, or 19.7 million shares. The couple finalised their divorce in April

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Jeff Bezos
Jeff Bezos, Amazon founder and owner of Blue Origin. (Wikimedia commons)

After cashing in $1.8 billion worth of the Amazon shares over the last three days of July, Amazon Founder and CEO Jeff Bezos has now sold Amazon shares worth $990 million in the first two days of August, the media reported.

From the 530,000 Amazon shares that Bezos sold early this month, he will net an estimated $750 million in cash after taxes, Forbes.com reported on Monday.

Bezos, the richest man on Earth, is now worth an estimated $110.1 billion, said the report.

While the purpose behind Bezos’ latest stock sales have not been officially revealed, it is believed that the fund would benefit his space exploration company Blue Origin.

e-commerce
Security guards stand at the reception desk of the Amazon India office in Bengaluru, India, Aug. 14, 2015. VOA

Bezos told journalists a couple of years ago that he was selling some of his Amazon shares to fund Blue Origin.

Between July 29 and July 31 Bezos sold a little over 900,000 shares of the e-commerce giant when its stock price was around $1,900 a share, Forbes had reported earlier.

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The world’s richest man gave his former wife MacKenzie a fourth of his Amazon stake, or 19.7 million shares. The couple finalised their divorce in April.

MacKenzie has decided to donate half of her $38 billion worth alimony to investor Warren Buffett’s philanthropic campaign — the Giving Pledge. (IANS)

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Amazon Brings Plug-in Smart Speaker ‘Echo Flex’ in India

As a limited period offer, customers can avail a Wipro smart LED bulb (9W) worth Rs 2,099 for no additional cost on the purchase of every Echo Flex on Amazon.in

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e-commerce
Security guards stand at the reception desk of the Amazon India office in Bengaluru, India, Aug. 14, 2015. VOA

Amazon on Wednesday introduced the Echo Flex, a plug-in smart speaker that saves on space by plugging directly into a standard electrical outlet, in India.

Available for Rs 2,999 in online pre-order mode, Echo Flex also has a built-in USB-A port so you can easily charge your phone or other devices, all while using only one outlet, the company said in a statement.

“We are happy to introduce Echo Flex for users in India to access Alexa even more conveniently now from any room in the house,” said Parag Gupta, Head of Amazon Devices.

“With its compact form, Echo Flex can be plugged in directly into an electrical socket to provide all the functionalities of an Echo device,” he added.

Amazon
Alexa and Fire TV devices are constantly improving over time and now on Monday Amazon announced that a user can connect their Echo devices with their Fire TV. Pixabay

Echo Flex works with devices such as smart lights and plugs from brands including Philips, SYSKA LED, Oakter, TP-Link and more.

Just like other Echo devices, users can connect Echo Flex to preferred speakers using Bluetooth or a 3.5 mm audio cable for a higher audio output.

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Echo Flex is available for pre-order starting today and will ship next month.

As a limited period offer, customers can avail a Wipro smart LED bulb (9W) worth Rs 2,099 for no additional cost on the purchase of every Echo Flex on Amazon.in. (IANS)