Leading billionaires have begun selling their shares, Bloomberg said.
That’s what Elon Musk did first. His plans were announced in advance.
The founder of Tesla made several consecutive stock sales. The US government is planning a major tax increase for large companies.
Musk sold shares in his car company for the first time in five years. His example was followed by Jeff Bezos and Mark Zuckerberg.
Zuckerberg has sold more than four billion shares this year. Twitter founder Jack Dorsey has stepped down from managing the platform and sold his shares in other companies.
The increase in taxes may be the thing that motivates the plans of large companies and how they will operate in the near future.
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