If You Invested $1,000 in Amazon When It Launched AWS Cloud Computing, This Is How Much You Would Have Today
What if you invested $1,000 in Amazon (NASDAQ: AMZN) when it started taking cloud computing seriously? Let's take a quick walk down memory lane and check out how that investment would look today. Spoiler alert: Owning Amazon stock for a long time tends to be profitable.
The largest cloud computing platform has been around for a long time. Amazon launched the first version of Amazon Web Services (AWS) way back in 2002, starting as a completely free developer framework for linking third-party websites to the main Amazon e-commerce store's content.
The moneymaking features of AWS dropped in one by one, often heralded by free-of-charge beta versions. The company inched closer and closer to making AWS an actual business as the free services garnered attention and widespread use. I would argue that the cloud computing service was an operational business by Aug. 25, 2006, after launching the S3 cloud storage service and the actual Elastic Compute Cloud (EC2) cloud-computing platform.
Source Fool.com
