Bezos sells nearly $2 billion worth of Amazon shares
According to securities filings, Amazon CEO Jeff Bezos has sold nearly $2 billion worth of Amazon stock in the past two days
The sales come one week after Amazon reported first-quarter earnings results, trouncing Wall Street’s expectations
Bezos sold roughly $684 million worth of Amazon shares on Tuesday, the filings show, after unloading about $1.27 billion worth of stock on Monday
The Amazon founder previously said he’d sell about $1 billion in Amazon stock each year to fund his space exploration company, Blue Origin, which continues to grow and on Wednesday announced it will launch its first astronaut crew to space this summer
Google is Easing Their Remote Work Plan and Letting 20% Of Employees Telecommute
Google is relaxing its approach to the return to work in permitting some employees to permanently work from home
The company will now allow employees to work from other locations for a longer period each year
Now, Google expects that 60% of its employees will be on site for a few days a week, with 20% working in new office locations and 20% working from home
After Reports of Injuries and One Death, Peloton Recalls Treadmills
Peloton announced Wednesday voluntary recalls of both its Tread+ and Tread treadmill machines over safety concerns
The company is advising customers who already have the products to immediately stop using it and contact Peloton for a full refund
CEO John Foley apologized for not cooperating with the U.S. Consumer Product Safety Commission sooner
Peloton shares closed the day down nearly 15%, hitting a low not seen since September and this wiped about $4.1 billion from Peloton’s market value
The recall affects about 125,000 Tread+ machines and roughly 1,050 Tread products in the U.S.
Palms Casino Las Vegas To Be Acquired by San Manuel Band of Mission Indians for $650 million
The San Manuel Band of Mission Indians has announced plans to purchase the Palms Casino Resort in Las Vegas, making it the first tribe to own and operate a casino in the city’s resort corridor
The transaction is expected to close in 2021, but is subject to regulatory approvals and other closing conditions, according to a news release from San Manuel
San Manuel would be the second tribe operating in Las Vegas’ resort corridor
K Buenavista
Mr. Buenavista is a writer that specializes in breaking down complex topics into easy to understand formats that appeal to a wide range of news seeking readers, without missing the important details. He handles a majority of the daily news reporting at Easy-Ad, and has written on many other websites. He resides in Southern California.