That Crazy Amazon Stat

Yesterday, I told Brian Sullivan that Amazon.com has gained 1%, on average, every 11 days for the last 20 years.

A lot of folks have asked me about that stat so I’ll share the details with you.

The key detail is the word “average.”

Amazon went public on May 15, 1997 at $18 per share. Adjusted for three stock splits, that comes to $1.50 per share.

The stock closed yesterday at $788.87. That means Amazon gained 525.91-fold in 7,054 calendar days.

Using a little math, that means Amazon gained an average 0.0889% every calendar day. That works out to 1% every 11.2 days.

Posted by on September 7th, 2016 at 10:16 am


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