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If You'd Invested $1,000 in Amazon Stock 10 Years Ago, Here's How Much You'd Have Today

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If You'd Invested $1,000 in Amazon Stock 10 Years Ago, Here's How Much You'd Have Today: https://g.foolcdn.com/editorial/images/786472/ecommerce-phone.jpg

It might be hard to imagine, but Amazon (NASDAQ: AMZN) began only 30 years ago as an online bookseller. Now the site sells a wide range of goods. The business has grown quickly and includes the popular Amazon Prime subscription service, electronic devices, and Amazon Web Services (AWS).

The shares have also generated a lot of wealth for investors. Investors who bought shares a decade ago, and held them, would have seen an increase of almost 1,000%.

Amazon had its initial public offering (IPO) in 1997, when its sales were about $148 million for the year. The figure grew to nearly $575 billion last year.

Source Fool.com

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