5 ms·
"Skeptics say, it would have to sell every book being sold in the world today to justify its stock price" - Amazon in 1997 [1]. The stock is 50 times higher now
by nico42 6y ago
"Skeptics say, it would have to sell every book being sold in the world today to justify its stock price" - Amazon in 1997 [1]. The stock is 50 times higher now.
I have no idea if history will repeat itself, but I find the parallel interesting
[1] https://youtu.be/8SSj7KwBwr8?t=660 https://youtu.be/8SSj7KwBwr8?t=660
- Aeronwen 6y agoThey were overvalued in 1997. Even they knew it and started pivoting away from being just a book store shortly after.