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Benzinga

Business

Shivdeep Dhaliwal

When Amazon Shares Fell 80% In 2000, Here's What CEO Jeff Bezos Told Shareholders

Jeff Bezos Amazon Nasdaq

Amazon.com, Inc (NASDAQ:AMZN) shares are priced well above the $3,000 mark today but that was not the case at the beginning of the new millennium.

In fact, between 2000 and 2001, the company’s shares plunged sharply by over 80% and it was at such a time that the company’s founder Jeff Bezos penned a letter to shareholders. Here’s what he had to say.

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Top stories on inkl right now

Georgia family of 5 dead in apparent murder-suicide

Georgia family of 5 dead in apparent murder-suicide

‘This was a hard scene for everybody involved,’ Coffee County Sheriff Fred Cole said

The Independent UK

Abdul El-Sayed: Democrats must ‘win by massive numbers’ to fend off Trump election denial

Abdul El-Sayed: Democrats must ‘win by massive numbers’ to fend off Trump election denial

Democratic Senate candidate’s remarks come as Trump has long baselessly claimed his 2020 election loss was stolen

The Guardian - US

Ohio animal hospital owner accused of using dead dog’s name to obtain thousands of prescription pills

Ohio animal hospital owner accused of using dead dog’s name to obtain thousands of prescription pills

Dr. Kris L. Taylor and Camille Angulat-Nieto received over 20 prescriptions for ‘Punkin’ a dog that was already dead

The Independent UK

Isaias Leaves More Than 390,000 Alabama and Florida Customers Without Power as Officials Warn About Generator Carbon Monoxide

Isaias Leaves More Than 390,000 Alabama and Florida Customers Without Power as Officials Warn About Generator Carbon Monoxide

Isaias left more than 390,000 Alabama and Florida customers without power. Health officials warn that generator carbon monoxide is a top danger during cleanup.

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Florida Appeals Court Orders Hope Florida Grand Jury Report Expunged Over $10 Million Centene Medicaid Settlement Payment

Florida Appeals Court Orders Hope Florida Grand Jury Report Expunged Over $10 Million Centene Medicaid Settlement Payment

A Florida appeals court ordered a grand jury report on $10 million from a Centene Medicaid settlement expunged. What the ruling says and what remains open.

Federal judge halts ICE detention centre construction at California site over environmental review

Federal judge halts ICE detention centre construction at California site over environmental review

A federal judge has granted a preliminary injunction halting construction of an ICE facility near Gilroy, California. The ruling came in response to a lawsuit filed by California Attorney General Rob Bonta and Santa Clara County. They argued that construction began without an adequate environmental assessment or consultations with local…

The Times of India

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Top stories on inkl right now

Georgia family of 5 dead in apparent murder-suicide

Georgia family of 5 dead in apparent murder-suicide

‘This was a hard scene for everybody involved,’ Coffee County Sheriff Fred Cole said

The Independent UK

Abdul El-Sayed: Democrats must ‘win by massive numbers’ to fend off Trump election denial

Abdul El-Sayed: Democrats must ‘win by massive numbers’ to fend off Trump election denial

Democratic Senate candidate’s remarks come as Trump has long baselessly claimed his 2020 election loss was stolen

The Guardian - US

Ohio animal hospital owner accused of using dead dog’s name to obtain thousands of prescription pills

Ohio animal hospital owner accused of using dead dog’s name to obtain thousands of prescription pills

Dr. Kris L. Taylor and Camille Angulat-Nieto received over 20 prescriptions for ‘Punkin’ a dog that was already dead

The Independent UK

Isaias Leaves More Than 390,000 Alabama and Florida Customers Without Power as Officials Warn About Generator Carbon Monoxide

Isaias Leaves More Than 390,000 Alabama and Florida Customers Without Power as Officials Warn About Generator Carbon Monoxide

Isaias left more than 390,000 Alabama and Florida customers without power. Health officials warn that generator carbon monoxide is a top danger during cleanup.

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Florida Appeals Court Orders Hope Florida Grand Jury Report Expunged Over $10 Million Centene Medicaid Settlement Payment

Florida Appeals Court Orders Hope Florida Grand Jury Report Expunged Over $10 Million Centene Medicaid Settlement Payment

A Florida appeals court ordered a grand jury report on $10 million from a Centene Medicaid settlement expunged. What the ruling says and what remains open.

Federal judge halts ICE detention centre construction at California site over environmental review

Federal judge halts ICE detention centre construction at California site over environmental review

A federal judge has granted a preliminary injunction halting construction of an ICE facility near Gilroy, California. The ruling came in response to a lawsuit filed by California Attorney General Rob Bonta and Santa Clara County. They argued that construction began without an adequate environmental assessment or consultations with local…

The Times of India

Our Picks

Kelly Clarkson Slams Brooklyn Store After Being Treated Like She Couldn't Afford Its Products in 'Pretty Woman' Moment

Kelly Clarkson says an Art of Play employee treated her as though she could not afford its products. The Brooklyn shop has shared positive reviews but has not publicly explained the encounter.

International Business Times UK

Kelly Clarkson Blasts Brooklyn Store After Employee Allegedly Assumes She Can’t Afford Their Products: ‘You’re An Idiot’

Kelly Clarkson shared an alleged unpleasant shopping experience at a Brooklyn store, prompting fans to react and sparking backlash against the business.

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"Why is it so realistic?"

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Woman says a man offered to buy her and her friends drinks at a bar. He shut it down after hearing what they wanted: ‘Never mind’

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What Is Jaleel White Worth Decades After Playing Steve Urkel?

For millions of television viewers, Jaleel White will always be Steve Urkel, the suspender-wearing neighbor who became a cultural phenomenon on “Family Matters.” But nearly three decades after the sitcom ended, White has built a career extending far beyond his unforgettable character.

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