Jason Del Rey

Recent Posts by Jason Del Rey

At $140 Billion, Amazon Is Bigger Than Ever, Still Smaller Than Google and Apple

Jeff_Bezos_Funny_HAHAFor the first time in its history, Amazon shares traded above $300 a piece this week. When Jeff Bezos took his company public in the spring of 1997, it was trading below $2 a share*. The online giant closed out Friday at a record $307 a share.

At its current stock price, Amazon’s market capitalization is $140 billion. For real. Still, that number is dwarfed by the market caps of two of the other three Internet Big Four: Google ($306 billion) and Apple ($400 billion), but more than double that of the newbie of the group, Facebook ($63 billion).

Amazon reported net sales of $16.07 billion in the first quarter of this year, a 22 percent increase over the $13.18 billion it registered in the same period last year. Net income fell 37 percent, to $82 million.

The company will report second-quarter earnings on July 25.

*After adjusting for splits.

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik