On Thursday, Jeff Bezos, CEO of Amazon, surpassed Bill Gates
to become the richest man in the world, and it lasted for only a few hours. Later in the afternoon, Amazon’s stock took a
significant dip and Bezos, who owns about 16% of Amazon’s stock, lost an
estimated $6 billion dollar. Bezos is so
rich, though, that the lost barely matters.
Amazon as a company has had what the New York Times calls “Mind
Blowing” success since 2002. What was
once an online book store now virtually owns the entire retail universe. Its success is a testament to the evolution
of retail into digital and is called one of the great tales of capitalism of
our time.
Is this only the beginning of Amazon’s climb to complete
retail and internet dominance, or are we finally at the peak?
https://www.nytimes.com/2017/07/28/your-money/amazon-jeff-bezos.html?mcubz=1
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