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While Amazon is technically a public company, more than 50 % of shares are owned by the founder and consequently the control isn't split across a larger group o

by _ph_ 5y ago

While Amazon is technically a public company, more than 50 % of shares are owned by the founder and consequently the control isn't split across a larger group of people.

deleted 5y ago
[deleted]
eru 5y ago
Where do you got your 'more than 50%' from? The Internet says Jeff Bezos has a bit more than 10%.
- _ph_ 5y ago
  That is a good question. If I think about it, I have no idea :). Somehow I got the impression that Bezos as the founder still holds a controlling amount of shares, but if he owned 50% of all Amazon shares, he would be the richest person by a large margin. Anyway, it seems that Bezos basically did not have anyone to answer to while leading Amazon - amazon reportet losses for many years for the sake of growth. That means he had a free hand to implement strategies, which are long term profitable. And I attribute the success of Amazon to no small amount to this.
  - eru 5y ago
    Well, despite reporting losses, the stock kept climbing up. So the other shareholders were apparently happy.