3min chapter

Acquired cover image

Amazon.com

Acquired

CHAPTER

What Are the Riggio Brothers Doing?

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.

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