[groundzeros2015]

Is he going to login to etrade to market sell 100 mil of Amazon stock every year? 20% cap gains and then whatever additional tax the gross amount incurs? That will also lower the price.

I’m just saying this is kind of an absurd amount for a mediocre newspaper with ok reach.

[UncleMeat]

Why not? 100m is two days of AMZN trading volume.

The idea that billionaires are not actually billionaires because they cannot possibly sell their shares is not real.

[groundzeros2015]

I didn’t say he’s not a billionaire. I said it’s ridiculous to lose 100m/yr on a newspaper. and yes 100m sell order would be impactful.

[UncleMeat]

"Losing" or "spending?"

In principle, Bezos could be in this because he values journalism and wants to promote it. There is no reason why this couldn't be a patronage system where one of the richest people in the world spends their money on something good for society.

[groundzeros2015]

“Loss” as in accounting.

Sure I suppose anything could be someone’s passion and that could explain why any amount of money would be spent.

But according to the article he is actually concerned about the amount, and I’m agreeing it’s a justified concern.