3 ms·

You could own Amazon stock for less than $5 in 2007. They were not a tech giant at the time. Big, but not giant. A speck next to Microsoft or IBM.

by Kye 4y ago

wlesieutre 4y ago
Ah that's true, I wasn't thinking of how long ago it was sold. My one good camera lens was bought based on dpreview's coverage, back in 2004. Sad to see it go, but seems reflective of the camera market in general. Phones ate the consumer camera market, and now they're eating the prosumer market too.
mistrial9 4y ago
right - and they used that five dollars to effectively end the used book business across the USA, with eyes to be Walmart. Is the world really a better place to live with Walmart/Amazon, abandoned shopping malls and freeways ? Yes, they are related.
- midoridensha 4y ago
  >Is the world really a better place to live with Walmart/Amazon, abandoned shopping malls and freeways ? It's not "the world", but rather the US. The rest of the world does not have Walmart and freeways like America does. And yes, America really is better with Walmart/Amazon, abandoned shopping malls, and freeways, because Americans like it that way and it's a democratic society. Americans don't want walkable cities where they can go to shops in-person (perhaps after transiting to them conveniently by subway), and any time this topic comes up on HN, legions of Americans scream about how much they love driving everywhere in their big SUVs and how much they hate walkable cities and cyclists and anyplace that doesn't have acres of free parking. Americans are voting with their votes, dollars, and feet, and getting exactly the society they want.
re 4y ago
> You could own Amazon stock for less than $5 in 2007. That ignores the 2022 stock split. The price of AMZN ranged from $38 to $100 in 2007.
- hgsgm 4y ago
  You are ignoring the split. The split adjusted price was <$5 all year.
runnerup 4y ago
What does the instantaneous per stock price have to do with the instantaneous market cap or gross earnings or % market share or % household name recognition of a company? APPL is $162/share. BRK.A is $470,000/share. Which company is more giant?
deleted 4y ago
[deleted]

You could own Amazon stock for less than $5 in 2007. They were not a tech giant at the time. Big, but not giant. A speck next to Microsoft or IBM.

by Kye 4y ago

You could own Amazon stock for less than $5 in 2007. They were not a tech giant at the time. Big, but not giant. A speck next to Microsoft or IBM.

wlesieutre 4y ago

Ah that's true, I wasn't thinking of how long ago it was sold. My one good camera lens was bought based on dpreview's coverage, back in 2004. Sad to see it go, but seems reflective of the camera market in general. Phones ate the consumer camera market, and now they're eating the prosumer market too.

mistrial9 4y ago

right - and they used that five dollars to effectively end the used book business across the USA, with eyes to be Walmart. Is the world really a better place to live with Walmart/Amazon, abandoned shopping malls and freeways ? Yes, they are related.

midoridensha 4y ago
>Is the world really a better place to live with Walmart/Amazon, abandoned shopping malls and freeways ? It's not "the world", but rather the US. The rest of the world does not have Walmart and freeways like America does. And yes, America really is better with Walmart/Amazon, abandoned shopping malls, and freeways, because Americans like it that way and it's a democratic society. Americans don't want walkable cities where they can go to shops in-person (perhaps after transiting to them conveniently by subway), and any time this topic comes up on HN, legions of Americans scream about how much they love driving everywhere in their big SUVs and how much they hate walkable cities and cyclists and anyplace that doesn't have acres of free parking. Americans are voting with their votes, dollars, and feet, and getting exactly the society they want.

re 4y ago

> You could own Amazon stock for less than $5 in 2007. That ignores the 2022 stock split. The price of AMZN ranged from $38 to $100 in 2007.

hgsgm 4y ago
You are ignoring the split. The split adjusted price was <$5 all year.

runnerup 4y ago

What does the instantaneous per stock price have to do with the instantaneous market cap or gross earnings or % market share or % household name recognition of a company? APPL is $162/share. BRK.A is $470,000/share. Which company is more giant?

deleted 4y ago

[deleted]