RE: A true post12 Jan 2022 13:54
Doc.... from Inc.com
Amazon
You've probably heard the origins of Amazon by now. Jeff Bezos left his cushy gig on Wall Street and moved to Seattle to sell books online from his garage in 1994. By 1996, Amazon had sales that reached $15.7 million and $147.8 million in 1997. Needless to say, people were intrigued
Then, by the end of the decade, Amazon wasn't as promising as it once seemed. Despite having revenues of $1.6 billion in 1999, Amazon still managed to lose $719 million. Things didn't get better in 2000, when it was found that Amazon had just around "$350 million of cash on hand," despite raising billions of dollars.
Jeff Bezos finally turned a profit in 2003, which was nine years after being founded and seven years after going public.
The IPO was @ $1.50 and after seven years reached $42
(year 1= $7.50, yr 2= $64, yr3= $53.5, yr4= $14.75, yr 5= $17, yr6= $33, yr7= $42)
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