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Zuckerberg to sell up to $12.7 billion in Facebook stock in 18 months

New $5 billion Amazon HQ may cause host city to suffer 'Seattle effect'

Amazon is planning a new headquarters as big as its Seattle flagship, and cities from Boston to Chicago are putting together bids for the $5 billion, 50,000-job facility. But according to Business Insider, those cities may be fighting for a poisoned apple. In Seattle, critics argue the arrival and subsequent explosion of Amazon drove up rents and increased traffic. Rents in downtown Seattle averaged $42.08 per square foot, compared with $39.79 in 2015 and $31.38 in 2009.


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