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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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus