Bill Ackman Boosts Amazon and AWS Stake After Selling 95% of Alphabet
Bill Ackman’s Pershing Square sold 95% of its Alphabet stake in Q1 to boost investments in Amazon’s e-commerce and AWS operations, highlighting its long-term growth potential. Bezos argued ending federal income taxes for the bottom 50% and cutting government waste would aid struggling households more than raising billionaire tax rates.
1. Ackman’s Portfolio Shift
In Q1, Bill Ackman’s Pershing Square Capital Management sold 95% of its Alphabet stake to fund increased positions in Amazon and Microsoft, citing Amazon’s e-commerce expansion and accelerating AWS cloud adoption as undervalued drivers of long-term shareholder returns.
2. Bezos’s Tax Proposal for Lower Earners
Jeff Bezos called for eliminating federal income taxes on the bottom 50% of earners, arguing that redirecting that burden through government waste cuts would deliver more immediate relief to lower-income households than higher taxes on billionaires.