Jeff Bezos Is Selling Because Amazon Stock Is In Serious Trouble
Jeff Bezos unloaded $4 billion worth of Amazon stock last week. Rumor has it, Bezos and girlfriend Lauren Sanchez are shopping for a swanky L.A. house. But he doesn’t need $4 billion even for a mega mansion. He’s taking profits while Amazon stock is inflated beyond all reason. AMZN’s insane P/E ratio of 90 is…