1: The stock price is not the company. Amazon’s stock price declined nearly 95% from its peak. Jeff Bezos started his investor letter in 2000 with a single word: “ouch.” But he also explained that despite the stock’s drop, the company was doing well. pic.twitter.com/NhO5EblvuR — Jon Erlichman (@JonErlichman) January 29, 2023
1: The stock price is not the company. Amazon’s stock price declined nearly 95% from its peak. Jeff Bezos started his investor letter in 2000 with a single word: “ouch.” But he also explained that despite the stock’s drop, the company was doing well. pic.twitter.com/NhO5EblvuR
2: Cash is king. Bezos felt Amazon could ride out the storm because it had enough cash. In early 2000, Amazon completed a timely sale of convertible bonds to European investors. That deal may have saved Amazon, according to Brad Stone’s book, The Everything Store. pic.twitter.com/q3kVLNQ2sy — Jon Erlichman (@JonErlichman) January 29, 2023
2: Cash is king. Bezos felt Amazon could ride out the storm because it had enough cash. In early 2000, Amazon completed a timely sale of convertible bonds to European investors. That deal may have saved Amazon, according to Brad Stone’s book, The Everything Store. pic.twitter.com/q3kVLNQ2sy
4: Keep an eye on the future. When the NASDAQ bottomed out in 2002, Amazon was already thinking ahead. Over 5 years, it rolled out: *Amazon Prime (2005) *Amazon Web Services (2006) *the Kindle (2007) “The big winners pay for thousands of failed experiments,” Bezos has said. pic.twitter.com/Na6Adh77jh — Jon Erlichman (@JonErlichman) January 29, 2023
4: Keep an eye on the future. When the NASDAQ bottomed out in 2002, Amazon was already thinking ahead. Over 5 years, it rolled out: *Amazon Prime (2005) *Amazon Web Services (2006) *the Kindle (2007) “The big winners pay for thousands of failed experiments,” Bezos has said. pic.twitter.com/Na6Adh77jh
