FIRST AIRED: January 10, 2019

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program
0:00
0:00
More Info

COMING UP:Share Opener Variant 2

×

Transcript

00:00:00
>> A divorce like the one billionaire Jeff Bezos is going through with wife MacKenzie is usually a private matter. But when you're the world's richest man, running Amazon, the most valuable company on the US stock market. That divorce becomes a shareholder matter. Bezos holds a 16% stake in Amazon.
00:00:18
And based on divorce laws in the state where the couple live, half of that will go to his soon to be ex-wife. If she does get half of his Amazon stake, will she still hold on to it or sell it? And what does that mean for his control of Amazon?
00:00:33
Amazon's investors are trying to sort it all out, says Reuters investments correspondent David Randall.>> There's not a run for the exits right now. A lot of people are saying Amazon is, there's not a fundamental reason to say I'm going to trade out of Amazon. Some people are saying, this is a very over-owned company.
00:00:51
A lot of people have made a lot of money betting on Amazon the last two years, so here is a question mark. So maybe they say, I am going to take a little bit of profits right now, bank what I've had, and then let's see how this plays out.
00:01:02
>> But not all investors are sticking around. Noted short seller Doug Cast told Reuters he dumped a stake in Amazon on the divorce news. He's walking away with an 18% profit on a purchase he made only a few weeks ago. While Cast's decision is the exception, investors say there are legitimate concerns about the divorce and to Bezos.
00:01:23
>> Because he has such a big vision for the company and how he runs it. So anything that happens in his personal life that could lead him to say, perhaps I want to step away from the company. Perhaps I want to have a different role in the company, would have a very big impact on shareholders.
00:01:38
>> But most investors see little or no chance of that happening. Holding the stock close to where it was trading before the break up was announced.