Where Will Amazon.com Be in 10 Years?
Amazon (NASDAQ: AMZN) has had an epic run since its founding. The business has grown from a small online bookseller in 1995 to "the everything store" it is today with an astounding $296 billion of revenue over the last 12 months.
As a result of that growth, the company's stock has been on a jaw-dropping tear. Amazon went public on May 15, 1997 at $18 per share, but it has split its stock three different times since then, such that the "split-adjusted" IPO price was $1.50 per share. The stock trades at $2,380 per share as of this writing -- that's a gain of 1,587 times its split-adjusted IPO price, and would have turned $1,000 into $1,586,667.
But Amazon is still just getting started. As founder and CEO Jeff Bezos likes to say, "it's still day one" at Amazon. So where will the company be in 10 years?
Source Fool.com
