Quando AMAZON Crollò del 95%

Ajouté : 2026-05-25

[00:00:00]At the peak of the internet bubble, our stock peaked somewhere around $113.

[00:00:05]And then after the internet bubble busted open, [music] our stock went down to six. It went from 113 to six in less than [music] a year.

[00:00:13]So my annual shareholder that year starts with a one-word sentence. And that one-word sentence is the word ouch.

[00:00:18][music] So most of those internet companies of the dot-com era are out of business. You survived. [music] What was that that made you to survive and virtually the rest of them are gone? Um I It's very That whole period is very interesting because the stock is not the company and the company is not the stock. And so as I watched the stock fall from 113 to six, I was also watching all of our internal business metrics, number of customers, profit per unit, everything you can imagine, [music] defects, etc. Every single thing about the business was getting better and [music] fast. And so as the stock price was going the wrong way, everything inside the company was going the right way.