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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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work