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Comment by JohnJamesRambo | Hacker News Reader

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JohnJamesRambo

$1.73 May 16 1997

$3,293 May 26 2021

He had a good run.

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+1 Under Bezos, AMZN maintained an average 34% inflation-adjusted annual growth rate for 24 years!

Source: $1.73 in May 1997 would be worth the same as $2.89 in April 2021 (https://www.bls.gov/data/inflation_calculator.htm), and $2.89 x^(2021 – 1997) = $3,293 implies x = 1.34 (https://www.wolframalpha.com/input/?i=2.89*+x%5E%282021-1997...).

I was wondering if we have some early investors here that have held the whole time and if they would like to share some stories.

Going from $1.73 to $100 and back down to $5 after the 2000 bubble must have been quite the wild ride.

It's even better than that, the stock split three times.

Normally stock splits (or, more broadly, "corporate actions") are incorporated into things like Google Finance to avoid skews from stock splits, rights issues, stock reissues and so forth skewing the historical results.

So I think the OP is right.

Correct. 2-1, 3-1, then 2-1 early on. So there's a 12 to 1 ratio at play there. Initial day's closing was 18$.

Yea, I don't believe the actual opening price was $1.73

Yup, appears it was $18[0]

https://www.investopedia.com/articles/investing/082715/if-yo....

It’s not. But the equivalent opening price if you factor in the stock splits - which would have multiplied the shares you bought at opening - is $1.73 per share.

Or in market cap:

865,000,000 - 1997

1,640,000,000,000 - 2021

Viva Internet. For giving so many business opportunities.

Don't forget the pre-IPO valuation.

https://www.quora.com/Who-were-the-original-investors-in-Ama...

Makes it even more impressive.

Just a caj 1896x return

amzing.wish i was an early invstor. would been awesome

Amazon is worth more than twice the total market cap of BTC.

Which I hope makes it terribly clear thats BTC is a huge bubble

Selling everything from dildo's to long term storage while having delivery drivers urinate in bottles is so cool, eh?

It’s possible to be impressed at how Bezos grew the company while still being upset at how their fulfillment employees are treated.

as if this is unique to amazon. the only difference is amazon gets much more media scrutiny compared to other companies.

Probably(!) because they are the worst of the large as f*k companies in America. (Hypothesising)

I meant in terms of return.

now compare that to Bitcoin

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