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[Lubricus]

And I thought $400/share was too much. Oh well, back to my peanut butter and jelly sandwich for lunch.

Amazon has posted record profits for three straight quarters. Now it has a record stock price to go with it.

The company’s shares shot across $800 for the first time ever on Thursday morning. The company’s $386 billion market cap is the fourth largest in the world, behind only Apple, Alphabet and Microsoft.

Just seven months ago, the stock was trading 40 percent lower. But the growth of Amazon’s AWS cloud computing business and the surprising profits that have come with it helped propel the stock. Jeff Bezos’s company also continues to be fueled by its Prime members, who number in the tens of millions and spend more and shop more frequently than non-members do.

http://www.recode.net/2016/9/22/13017394/amazon-stock-price-record-jeff-bezos

 

[hydrophilic attack]

smh at pnj sandwich

peanut butter and banana is the goat struggle sandwich. Much healthier

 

[Veritigo_X]

I will buy some stuff today to congratulate them.

 

[Lubricus]

smh at pnj sandwich

peanut butter and banana is the goat struggle sandwich. Much healthier

I had that for dinner last night.

 

[LQX]

I'm surprised Jeff Bezos is not the richest man in the world. He basically started Amazon from nothing by himself basically so I would have thought he would have held a bigger piece of it.

 

[The Broken Ska Record]

I'm surprised Jeff Bezos is not the richest man in the world. He basically started Amazon from nothing by himself basically so I would have thought he would have held a bigger piece of it.

He probably doesn't hold that much stock as employees get RSUs.

 

[badcrumble]

Bezos usually likes reinvesting all of that profit into expanding Amazon somehow rather than just collecting it into cash. What's interesting now is that Prime and AWS are both super scalable (and already working at massive scale) so it's hard to see ways to invest further in expanding already huge things (outside of the assorted video/music value adds to Prime), but also that Amazon's forays into devices have been pretty unsuccessful outside of the Echo and reading-only Kindles (and devices were clearly where Bezos wanted to go next). I expect them to double down on making Amazon Video a bona fide Netflix/Hulu/HBO competitor, to double down on things like Amazon Prime preorder incentives, and to push the Echo really hard, but Bezos is going to have to let go of his pride and put Amazon Video on the AppleTV, I think.

 

[Chesskid1]

but i thought everyone stopped using it because of the price increases?!??!

 

[hydrophilic attack]

I had that for dinner last night.

my dinner tonight is cottage cheese and banana sandwiches

 

[Lasthope106]

And I thought $200 per share was expensive. :/

One of the worst mistakes I made in the stock market.

 

[BigDug13]

but i thought everyone stopped using it because of the price increases?!??!

Convenience trumps. This streamed movie is way shittier quality than a bluray from Redbox but I have to drive to the kiosk, return it. Screw that, streamed it is!