Like the billions in public money destined for Amazon's benefit and that of the world's richest man, it's all perfectly legal.
The two employees decided to the buy units just before the first press reports surfaced that Amazon was likely to choose Long Island City for its new headquarters, Mr. Aguayo said. The buyers now live in New Jersey and Queens, he added.
While employees aren’t permitted to buy and sell stocks based on nonpublic information, several real estate lawyers said they were aware of no such prohibition for real-estate transactions.
The WSJ reports no "reliable figures" on sales in the area since Amazon's announcement (and immediately before it, evidently) but it's explosive. One brokerage says it sold 150 condos in the last four days, 15 times its normal volume.
On March 17, Amazon employees complained that not enough safety precautions were in place to protect them from COVID-19. Cut to a week later, and Amazon employees from ten different warehouses in the United States have now tested positive with the coronavirus.
Four senators, including Democratic presidential candidate Bernie Sanders, have written a letter to Amazon CEO Jeff Bezos to ask what measures are being taken to protect warehouse workers from COVID-19. The coronavirus outbreak that causes this deadly disease has now infected more than 20,000 people throughout America.
A person who works at Amazon.com’s corporate headquarters in Seattle, Washington, has tested positive for COVID-19, said the company.
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