Tajuk : Amazon went public 20 years ago today — here’s how much its earliest investors have earned
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Amazon went public 20 years ago today — here’s how much its earliest investors have earned
Michael Seto/Business Insider
On May 15, 1997, Amazon, then an online bookstore, went public.
The company’s stock has seen a stunning 36% compounded annual gain since then.
Amazon closed at $961.35 on Friday, giving the company a market value of about $466.2 billion. Its split-adjusted stock price close at $1.96 on day one is now 490 times more.
Amazon has earned fortunes for its most disciplined shareholders and its founder, Jeff Bezos, who in March became the world’s second-richest person, overtaking Berkshire Hathaway CEO Warren Buffett and retail tycoon Amancio Ortega.
As The Wall Street Journal reported when Amazon first filed for its initial public offering, the company was just three years old and had no clear path to profitability. It faced a growing list of competitors that included Simon & Schuster and Barnes & Noble, both of which were already selling books online.
Amazon has now turned a profit for eight straight quarters, thanks in large part to the strength of its cloud-computing business, Amazon Web Services. Its more popular retail segment is not as profitable, but is now usually cited as the existential threat not only to other bookstores, but any other company in the brick-and-mortar retail business.
Walmart, America’s largest retailer, is worth $228.25 billion, more than half of what Amazon is worth.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
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Michael Seto/Business Insider
On May 15, 1997, Amazon, then an online bookstore, went public.
The company’s stock has seen a stunning 36% compounded annual gain since then.
Amazon closed at $961.35 on Friday, giving the company a market value of about $466.2 billion. Its split-adjusted stock price close at $1.96 on day one is now 490 times more.
Amazon has earned fortunes for its most disciplined shareholders and its founder, Jeff Bezos, who in March became the world’s second-richest person, overtaking Berkshire Hathaway CEO Warren Buffett and retail tycoon Amancio Ortega.
As The Wall Street Journal reported when Amazon first filed for its initial public offering, the company was just three years old and had no clear path to profitability. It faced a growing list of competitors that included Simon & Schuster and Barnes & Noble, both of which were already selling books online.
Amazon has now turned a profit for eight straight quarters, thanks in large part to the strength of its cloud-computing business, Amazon Web Services. Its more popular retail segment is not as profitable, but is now usually cited as the existential threat not only to other bookstores, but any other company in the brick-and-mortar retail business.
Walmart, America’s largest retailer, is worth $228.25 billion, more than half of what Amazon is worth.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2qnmqOn
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
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