> For much of Amazon's early history, it was something of a laughingstock
This seems like a real stretch. Amazon IPOed in 1997 for $0.5B, and grew to $30B by 1999. It crashed to $3B in the dot com bust, but that was the case for the entire tech industry. Between 2001 and 2007, it grew 10x from $3B to $30B.
Even including the dot-com crash, Amazon had grown ~60x in its first decade as a public company. I don't think anyone would be laughing at those growth rates.
This seems like a real stretch. Amazon IPOed in 1997 for $0.5B, and grew to $30B by 1999. It crashed to $3B in the dot com bust, but that was the case for the entire tech industry. Between 2001 and 2007, it grew 10x from $3B to $30B.
Even including the dot-com crash, Amazon had grown ~60x in its first decade as a public company. I don't think anyone would be laughing at those growth rates.
https://m.benzinga.com/article/15517613