What Are the Riggio Brothers Doing?

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Amazon went public on May 15th, 1997. They raised $54 million at a $438 million market cap. The stock would eventually trade all the way down to like five bucks a share in the dot-com bust. But when Amazon does their first quarterly financial reporting as public company they report Q two 1997 earnings of $28 million.

Amazon. No company has impacted the internet — and all of modern life — more than this one. We’ve waited seven years to do this episode, and are so, so excited to finally dive into every nook and cranny of this legendary company. And of course because we’re Acquired and this is Amazon, we couldn’t contain it all to just one episode… even a 4+ hour one! So today we focus on Amazon.com the retail business, and we’ll have another full episode on AWS coming soon. And because all great series are trilogies, to fully understand Amazon we highly recommend starting first with our previous episode on Walmart, which truly is the giant’s shoulder that Jeff Bezos stood upon. Let’s go!!

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