Amazon.com Inc. has risen significantly in value since its initial public offering in 1997, with shares growing by over 307,800%. Its stock price increased from $19.94 to $223.75 between 2014 and 2024, partly driven by the COVID-19 pandemic. During this time, revenue expanded from $89 billion to $638 billion, and net income surged from a loss to a profit of $59.2 billion. Key drivers for the company’s future performance include e-commerce success and macroeconomic factors.
Amazon has experienced an astonishing stock increase of over 307,800% since its IPO in 1997, becoming a critical player in e-commerce.
From 2014 to 2024, Amazon shares surged more than 1,025%, significantly aided by the COVID-19 pandemic which boosted its market prominence.
Revenue for Amazon skyrocketed from $89 billion to $638 billion over the past decade, reflecting a growth of more than 616%.
Despite the turbulence caused by COVID, Amazon's net income rose dramatically from a loss of $0.241 billion to a profit of $59.2 billion.
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