If you’d invested $1,000 in Amazon stock 10 years ago, here’s how much you’d have today

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

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

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

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