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The funds gained from the IPO allowed Amazon to grow quickly, making its first three acquisitions on April 27, 1998, less than a year after the company had gone public. [2] After the dot-com bubble burst on March 11, 2000, several companies that Amazon had invested in went bankrupt, with Amazon's stock price itself sinking to record lows. [3]
Bezos finally decided that his new business would sell books online, because of the large worldwide demand for literature, the low unit price for books, and the huge number of titles available in print. [12] Amazon was founded in the garage of Bezos' rented home in Bellevue. [9] [13] [14] Bezos' parents invested almost $246,000 in the start-up ...
After the sale plan, Bezos would own about 912 million Amazon shares, or 8.8% of the outstanding stock. He sold shares worth roughly $8.5 billion in February, after the stock rallied 80% in 2023.
By January 19, 2018, his Amazon stock holdings had appreciated to slightly over $109 billion; months later he began to sell stock to raise cash for other enterprises, in particular, Blue Origin. [73] On January 29, 2018, he was featured in Amazon's Super Bowl commercial . [ 74 ]
While Amazon's net sales rose 11% year over year to $158.9 billion, operating income surged by an impressive 55% to $17.4 billion. This was helped by the core U.S. e-commerce segment, where much ...
Management expects companywide third-quarter sales of $154 billion to $158.5 billion, representing 8% to 11% year-over-year growth. It budgeted a wide range of $11.5 billion to $15 billion for ...
Amazon's 10-stock portfolio was worth $2.5 billion at the end of the second quarter and included companies ranging from an EV maker, to a couple of semiconductor makers, to an egg producer.
Today, Amazon stock trades at a price-to-sales ratio of 3.5 and a price-to-earnings ratio of 44. It has $620 billion in trailing-12-month sales, and $50 billion in trailing-12-month net income.