If You Invested $10,000 In Amazon Stock 10 Years Ago, This Is How Much You Would Have Today
Amazon (NASDAQ: AMZN) has come a long way since starting out as an online book retailer in 1994. After branching out to digital music and videos in 1998, the company has gone on to become an e-commerce titan and a dominating force in the cloud market with Amazon Web Services (AWS), and has expanded to many other industries.
In 2022, the company's stock plunged almost 50% on account of macroeconomic headwinds detrimental to its e-commerce business. However, Amazon has retained significant long-term growth despite the sell-off.
So an investment even just a decade ago would have yielded substantial gains for patient investors. Here's how much you would have accumulated if you had invested $10,000 in Amazon's stock in 2013.
Source Fool.com
