Jeff Bezos interview in Guardian
October 24th, 2005
Taking a look at Amazon’s stock chart shows that the price shot from the equivalent of $1.50 in 1997 to more than $110 during the last boom, then sunk as low as $6 after September 11, 2001. The shares today are trading at around $45.“But if you look instead at metrics that are representative of the underlying business results,” says Bezos, “you see these smooth curves that go up and to the right.”
He points to “metrics” such as the number of customers that Amazon is attracting - from 14 million during the peak of the dotcom boom, to 20 million when the stock hit its low, and now more than 50 million active customers.
He also points out: “We have always tried to be very clear with people that we are an appropriate company only for long-term-oriented investors.”
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