While Amazon is a blockbuster stock today, early investors would've been disappointed for the first decade of its stock's performance.
Amazon was founded 25 years ago today, on July 5, 1994. The company was the second in the US to hit a market capitalization of $1 trillion in 2018, but had a long road to that success. Early investors would've seen disappointing returns for the first decade of Amazon's performance as a public company. The company is a cautionary tale for investors looking to cash in on banner IPOs coming to market this year.
Amazon was founded 25 years ago today, on July 5, 1994. The company was the second in the US to hit a market capitalization of $1 trillion in 2018, but had a long road to that success. Early investors would've seen disappointing returns for the first decade of Amazon's performance as a public company. The company is a cautionary tale for investors looking to cash in on banner IPOs coming to market this year.
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