Jeff Bezos-Led Amazon Almost Ran Out Of Cash 24 Years Ago. At $400B, It Is Now Projected To Have As Much Cash As Apple And Microsoft Combined By 2027: Here’s More
October 10, 2024
Jeff Bezos’ Amazon.com Inc. (NASDAQ:AMZN) once nearly ran out of cash 24 years ago, during the dot-com bubble crisis of 2000. It was once reportedly left with just 10 months of cash, with its stock price plunging to $7 from $107. Fast forward to 2024, Amazon is expected to have nearly as much cash on its balance sheet as rivals Apple Inc. (NASDAQ:AAPL) and Microsoft Corp. (NASDAQ:MSFT) combined by 2027. Don’t Miss: A billion-dollar investment strategy with minimums as low as $10 — you can become
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