Jeff Bezos filed a statement with federal regulators indicating his sale of nearly 12 million shares of Amazon stock worth more than $2 billion. The Amazon executive chairman notified the U.S. Securities and Exchange Commission of the sale of 11,997,698 shares of common stock on Feb. 7 and Feb. 8. The collective value of the shares of Amazon, which is based in Seattle where he founded the company in a garage about three decades ago, was more than $2.04 billion, according to the listed price totals. Read: US-Bangla Airlines welcomes first Airbus, another Boeing to expanding fleet  The stocks were grouped in five blocks between 1 million and more than 3.2 million. In a separate SEC filing, Bezos listed the proposed sale of 50 million Amazon shares around Feb. 7 with an estimated market value of $8.4 billion. Bezos stepped down as Amazon's CEO in 2021 to spend more time on his other projects, including the rocket company, Blue Origin, and his philanthropy. His address on the stock filings is listed as Seattle, although he reportedly has relocated to Miami. Read more: February 2024 Amazon Prime Originals: Most-Hyped Shows, Series, and Movies

Elon Musk sold another $3.58 billion worth of Tesla stock this week, but it wasn't clear where the proceeds were being spent. The Tesla CEO, and new owner of Twitter, sold the shares from Monday through Wednesday, according to a filing posted Wednesday night by the U.S. Securities and Exchange Commission. Musk has sold nearly $23 billion worth of Tesla stock since April, with much of the money likely going to help fund his $44 billion acquisition of Twitter. The sale comes as shares of the electric vehicle and solar panel maker have collapsed, losing over half their value since Musk first disclosed in April that he was buying up Twitter stock. The falling shares have bumped Musk from his status as the world's wealthiest person, with his net worth falling to $174 billion, according to Forbes. He was passed last week by French fashion and cosmetics magnate Bernard Arnault. The takeover of Twitter has not been smooth, and some big companies have halted advertising on the social media platform. Musk has said that Twitter had “a massive drop in revenue" due to the advertiser losses. Read more: Elon Musk tweets to ask if he should sell some Tesla stock Investors have been punishing Tesla stock of late as Musk has spent much of his time running Twitter, raising fears that he's distracted from the car company. Wedbush analyst Dan Ives said Musk is now a villain in the eyes of Tesla investors. He said Tesla's fundamentals remain healthy but his behavior with Twitter is hurting the company's brand. “The Twitter overhang is a nightmare that is growing with no one but Musk to blame,” Ives wrote in an email. A message was left with Tesla Wednesday night seeking comment on the stock sale. Read more: Elon Musk takes over Twitter: what to expect?

The Walt Disney Co. announced plans to lay off 4,000 more employees largely due to the effects of the COVID-19 pandemic.