Amazon.com Inc Crossed US$500 Billion in Market Value
On 26th July 2017, Amazon.com Inc crossed US$500 billion in market value for the first time. Since 2009, the E-commerce tech giant stock had returned ten-folds or 1,000%.
” Amazon.com Inc crossed US$500 billion in market value for the first time “
A $100,000 investment in Amazon.com Inc in 2009 will be valued at more than $1 Million today. The company is an e-commerce and cloud computing company that was founded on July 5, 1994 by Jeff Bezos. Amazon went public on May 15, 1997, and the IPO price was $18.00.
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Founder and CEO Jeff Bezos opened the virtual doors of Amazon’s online store in July 1995. The company was incorporated in 1994 in the state of Washington and reincorporated in 1996 in Delaware. The Company’s principal corporate offices are located in Seattle, Washington. Amazon completed its initial public offering in May 1997, and its common stock is listed on the Nasdaq Global Select Market under the symbol AMZN.
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