Jul. 2 at 4:18 AM
$IQST $AMZN There was so much interest in the charts I posted, and Amazon’s history, that I think it’s well worth a closer look. Amazon began as an online bookstore ran out of a rented garage. In its early years they had a poor balance sheet, high interest debt, and many thought it would go bankrupt.
Amazon has tried lots of things, and had many failures such as Amazon Auctions, Fire Phone, and Dash Buttons to name a few. They believe the best innovations only come from trying, even if there are some failures along the way.
For many years Amazon prioritized growth over profit. The stock dropped 94% from its highest point of
$113 unadjusted after IPO. Its low point was
$6.32 unadjusted. An original share of stock with no splits would be worth over
$60,000 today.
Amazon was profitable first in Q4 2001, with a profit of
$5 million on
$1.2 billion in sales. IQSTEL projects
$1 billion in sales by 2027,and appears on the way to reach it with upcoming M&A activity.
continued next post….
