#Amazon November 26
We may earn money or products from the companies mentioned in this post.
Throughout November 2024, several of us are taking part in the 30-Day Dow Jones Coach4aday Challenge. Each day, we explore the history or learn about a company within the DJIA—a key economic and stock market indicator. Today’s post is on AMAZON.
In 1994 Jeff Bezos started an online bookstore called it Cadabra in Seattle WA and it less than a year eventually became Amazon. By 1995, Amazon launched its website, quickly expanding its offerings and becoming a pioneer in e-commerce innovation.
There is a business lesson in persistence with this company. The company did not see a profit until 2003. Keep in mind they lost 149 million dollars in 2002. In 2005 they build on the success of profitability and introduced Amazon Prime. Today there are over 200 million subscribers worldwide.
Amazon held its initial public offering (IPO) on May 15, 1997. The company was listed on the Nasdaq under the ticker symbol “AMZN,” with shares priced at $18 each.
Dow Jones 30-Day Challenge Guidelines
Like previous challenges there are no hard and fast rules to participate. There are a few suggested guidelines
- Each day in November 2024 write about the history or a company that makes up the Dow Jones.
- Share at least one fact about that company.
- If so inclined use the hash tag #Coach4adayChallenge on social media platforms
November 26th-Amazon
On February 26 2024, the Dow Jones Industrial Average (DJIA) added AMZN and removed Walgreens. Amazon stock price when it joined the Dow was $175.70. On November 22, 2024 it was $197.12 which represents a 13% increase since becoming part of the DJIA. When it comes to stock splits Amazon has had one of the most prolific increases in a span of three decades. The company has 4 stock splits that have taken 1 share in 1998 and made it 240 at end of 2024.
Not a surprise but Amazon biggest source of income is retail sales.
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