Amazon Stock Price Plunged 94 %

The internet bubble had burst. Companies built on the world wide web seemed a lot less promising, especially ones that were burning tons of cash and not generating profits. Amazon survived by raising even more cash through more bond offerings. And then amazon stock price plummeted. It felled 94 % from its peak in 19 99 to its bottom in two thousand one. Here's bill girley, again, the analyst who worked on the amazon ipo. That moment in time was a very defining moment for the company as they as they brought in their losses.