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/biz/ - Business & Finance

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7328140 No.7328140 [Reply] [Original]

Why did Amazon go from $86 (1999) to $6 (2001)?

>> No.7328199

>>7328140
because there was a crash and they just sold everything there was, see this as a prime example to find a great bargain. this doesnt apply to crypto though because its all shit

>> No.7328257

look up stock split

>> No.7328290

>>7328140
cause america elected a retard named bush

>> No.7328292

>>7328140
So amazon was actually more like $100 around the end of 1999, but then the dotcom crash happened, and amazon went way down like every other online stock. This has largely been generally seen as a result of panic selling and general wariness of dotcom companies. A lot of dotcom companies were just tanking around 2001.

>> No.7328313
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7328313

corporate action

>> No.7328350

The Bogs dumped it

>> No.7328368

>>7328257
has nothing to do with that, when they do a stock split the previous charts are reflected down with the split.

>>7328140
They had huge losses and there was a massive sell off of internet stocks.

>> No.7328726

>>7328199
>this doesnt apply to crypto though because its all shit

But they probably said that about Amazon in 2001