Normally stock splits (or, more broadly, "corporate actions") are incorporated into things like Google Finance to avoid skews from stock splits, rights issues, stock reissues and so forth skewing the historical results.
It’s not. But the equivalent opening price if you factor in the stock splits - which would have multiplied the shares you bought at opening - is $1.73 per share.
This is a trash headline and makes it seem like this is unplanned, unannounced / new intel, leaving for a bad reason, and/or he no longer will be involved.
If you're not reading the article or this is news to you, he will transition to executive chairman of Amazon’s board.
He is expected to free up his time. Then will be focusing on Blue Origin, TWP, and his various charities.
"The company first announced the leadership change as part of its February earnings report, saying Jassy would take over during the fiscal third quarter. Amazon (AMZN) had not previously shared the precise date of the transition. "
I hope Blue Origin works out just so we continue to have healthy competition. Bezos is, I believe, personally dumping ~$1B/year of his personal wealth into the company. Despite effectively unlimited resources I think it's fair to say that Blue Origin has underperformed thus far.
And SpaceX just had their 100th successful Falcon 9 launch in a row.
> This is a trash headline and makes it seem like this is unplanned, unannounced / new intel, leaving for a bad reason, and/or he no longer will be involved. Just, wow.
I have no clue where you're getting this from? It states a fact, no emotion or surprise or whatever in there - that's your interpretation.
Unless the submitted HN subject was updated in between you writing this and me reading it. The CNN headline also states the plain fact though.
My feeling is that he was largely motivated by BlueOrigin's weak position. He's 57 and Amazon is a scarily large behemoth firing on all cylinders, what else is there to do there? Meanwhile, the company developing his lifelong passion and obsession is struggling badly. I mean, they seem to be doing well compared to old companies (ULA) and governments, but Starship is going to be a step change in access to space if they pull it off. It'd be great if he can focus on and fix BlueOrigin.
They've crossed the Kármán line, but only for a few minutes at a time (going up, then falling back down). They've not reached orbit (going sideways fast enough to "miss the ground").
Their New Glenn rocket hasn't flown yet (and probably hasn't been built yet; they're very secretive, compared to e.g. SpaceX). Their engines will be used on ULA's upcoming Vulcan rocket, which should be a low-risk source of income for them, but also low-reward compared to rockets and spacecraft.
Blue Origin is not doing well compared to ULA. In fact, ULA is none too pleased with Blue Origin, which has failed to deliver the BE-4 rocket engine required for ULA's next generation Vulcan rocket. https://spacenews.com/with-ulas-new-rocket-vulcan-behind-sch...
No, Andy Jassy is pretty vocal, well-spoke and popular. Did a really good job with AWS too. Even Google and Microsoft aren't faceless, and Andy is just as memorable as Sundar and Satya.
So he can focus his full-time efforts on greasing wheels in Washington to ensure that Amazon can continue 2-digit billion dollar acquisitions on the way to becoming the first internationally-recognized corporate state.
Aw. And I was hoping to escalate my complaint to him before that.
I ordered something in December '20 and it's still listed as "on the way, but it's running late". I went to cancel it a few weeks ago and then but the support folks insist it's been delivered. I haven't received anything and the tracking link on the order page is dead. The Amazon folks say that's because too long has passed and they can see "internally" that it's marked as deliverd. What ever does that mean? And why is the order page still not updated, then?
I'm escalating that all the way to the top, I tells ya!
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[ 3040 ms ] story [ 3916 ms ] threadPersonally from what I've seen of him I'm not a huge fan.
$3,293 May 26 2021
He had a good run.
So I think the OP is right.
Yup, appears it was $18[0]
https://www.investopedia.com/articles/investing/082715/if-yo....
865,000,000 - 1997
1,640,000,000,000 - 2021
https://www.quora.com/Who-were-the-original-investors-in-Ama...
Makes it even more impressive.
Source: $1.73 in May 1997 would be worth the same as $2.89 in April 2021 (https://www.bls.gov/data/inflation_calculator.htm), and $2.89 x^(2021 – 1997) = $3,293 implies x = 1.34 (https://www.wolframalpha.com/input/?i=2.89*+x%5E%282021-1997...).
Going from $1.73 to $100 and back down to $5 after the 2000 bubble must have been quite the wild ride.
If you're not reading the article or this is news to you, he will transition to executive chairman of Amazon’s board.
He is expected to free up his time. Then will be focusing on Blue Origin, TWP, and his various charities.
"The company first announced the leadership change as part of its February earnings report, saying Jassy would take over during the fiscal third quarter. Amazon (AMZN) had not previously shared the precise date of the transition. "
And SpaceX just had their 100th successful Falcon 9 launch in a row.
I have no clue where you're getting this from? It states a fact, no emotion or surprise or whatever in there - that's your interpretation.
Unless the submitted HN subject was updated in between you writing this and me reading it. The CNN headline also states the plain fact though.
(Terminator = Orion Pictures = MGM)
(and of course ULA keep launching just like they always did)
Their New Glenn rocket hasn't flown yet (and probably hasn't been built yet; they're very secretive, compared to e.g. SpaceX). Their engines will be used on ULA's upcoming Vulcan rocket, which should be a low-risk source of income for them, but also low-reward compared to rockets and spacecraft.
My prediction is he'll work on BO full-time and mess things up even more over there. Not make them better.
https://www.dailymail.co.uk/news/article-9558417/Jeff-Bezos-...
I ordered something in December '20 and it's still listed as "on the way, but it's running late". I went to cancel it a few weeks ago and then but the support folks insist it's been delivered. I haven't received anything and the tracking link on the order page is dead. The Amazon folks say that's because too long has passed and they can see "internally" that it's marked as deliverd. What ever does that mean? And why is the order page still not updated, then?
I'm escalating that all the way to the top, I tells ya!