Author Topic: Amazon goes public 20 years ago  (Read 210 times)

Offline Fujitsu

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Amazon goes public 20 years ago
« on: May 19, 2017, 06:15:43 am »
Time flies. 20 years ago Amazon went public, fast forward 20 years and now Amazon has literally changed the way we shop and has become a monster and the go-to place to purchase pretty much anything online. Right now Amazon is valued at $464 billion dollars which is twice the value of Walmart. 20 years ago if you'd have invested $10,000 your investment would now be worth $5 million. The New York Times looks at the 20 year rise of Amazon.

   Twenty years ago this week, Amazon.com went public.   Skeptics of Jeff Bezos, the company’s founder, have spent the better part of the past two decades second-guessing and vilifying him: He has been described as “a monopolist,” “literary enemy No. 1,” “a notorious international tax dodger,” impossible, a ruthless boss and — more than once — “Lex Luthor.” His company used to routinely be described as Amazon.con.   But you know what?   Here we are, 20 years later, and Mr. Bezos has an authentic, legitimate claim on having changed the way we live.

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