Billionaires Cash Out Billions in Tech Stock Amid Market Peak and Possible Bubble

Jeff Bezos sold $8.5 billion in Amazon shares, Mark Zuckerberg sold $638 million in Meta shares, and the Walton family sold $2.3 billion in Walmart shares recently.

Experts theorize the sales could be due to fears of market volatility around the 2024 election, while stocks remain at record highs currently.

Other financial experts warn the sales could signal billionaire insiders bracing for an impending economic downturn or tech bubble burst.

The sales come as the S&P 500 is at an all-time high, having risen over 27% in the past year, adding billions to the billionaires' net worths.

Some suggest the sales take advantage of tax breaks from the Trump era before potential changes under a Biden administration or new Congress.