Because of the over-reporting of $50 million, Son Zhengyi gave up investing in Amazon, which became the biggest regret of Sun Zhengyi's life. Of course, it is not only Son Zhengyi who regrets it, but also Buffett.
After entering the era of mobile Internet, Amazon, Meta, Tesla and other companies quickly completed the replacement of traditional enterprises, and in their stories, the rotation and replacement of the richest man is the most significant symbol.
A few years ago, because Amazon's stock price has repeatedly reached new highs, Bezos began to be well known to the public, in the rise of Internet e-commerce in 2017 and 2018, the world's richest man's name is even louder than Amazon.
In 2019, a century of divorce added a fire to the world's richest man, Bezos, who originally thought that this divorce would make Amazon experience several years of turmoil, but did not expect that MacKenzie entrusted the voting rights of his stocks to Bezos, and the storm quickly subsided.
It is precisely because of such a good ex-wife, after a wave of shocks, Amazon's stock price continues to rise, and Bezos is still sitting firmly on the throne of the world's richest man.
Some people have said that the replacement of the richest people is the most significant feature of the global industrial turnover.
In 2020, the global economy under the epidemic has undergone tremendous changes, and Tesla, which is on the verge of "bankruptcy", has soared to the sky and become a miracle in the history of global business with a ten-fold increase a year. Since then, Musk has replaced Bezos as the world's richest man, and it is after this that the popularity of Bezos and Amazon began to decline.
On April 5, 2021, Bezos, as CEO of Amazon, released his final letter to shareholders. Amazon has what it is today, he said, because we've been creating value.
In fact, from an online bookstore to nearly thirty spring and autumn to today, high-quality service and logistics and lower prices have made this company a success.
Bezos believes that the current Amazon is not perfect, and the reason why Amazon has come to this day is because of the uniqueness and irreplaceability of the company, and it has always been prepared to pay the price.
But when it comes to employee welfare, Bezos has always been a demanding boss. In fact, resigning as CEO is particularly important for Bezos, because the inheritance of the company and the test of the system are even more important than the development of a trillion-dollar enterprise.
Founders who leave specific executive positions also have more time to think about the strategic development of the company, which can be found in the relationship between Bill Gates and Microsoft.
Therefore, Bezos's "retreat" has bought more space for Amazon's "entry".
After resigning as CEO of Amazon, Bezos focused more on "Blue Origin" and "Bezos Earth Fund", while for Amazon he opened a reduction mode.
According to the data, on November 5, 2021, according to the SEC documents, he sold $1.3 billion worth of Amazon shares on that day, and the amount of cash out for the whole year was about $10 billion. Such a large amount of cash has not caused the company's stock price to fluctuate significantly.
On February 3, the stock price of Meta, the leading enterprise of meta-universe, plummeted by 26.39%, and the market value evaporated by nearly $240 billion, under its influence, many Internet companies have fallen to varying degrees. But Amazon is an exception, after its release of earnings, Amazon's stock price rose 13.54%, the largest single-day increase since 2015, the market value increased by more than 190 billion US dollars (about 1260 billion yuan), the largest single-day stock market value increase in the US market.
Of course, for Amazon, the reason why it can achieve such results is inseparable from its steady development. On March 9, Amazon filed regulatory filings with the SEC announcing that its board of directors had approved a 1-for-20-share plan on the same day, while authorizing an increase in the share repurchase authorization to $10 billion.
It is reported that Amazon's last stock split occurred in 1999, when it was only a split of two, and now Amazon's stock price is hovering around $3,000 / share, which is not conducive to the participation of ordinary people, so this stock split is very meaningful. In addition, the current Amazon buyback also shows that the market is more risky at this time.
With the interest rate hike cycle approaching, the pressure on US stocks this year is really not small. I think that although Amazon's performance is relatively strong, most of the US technology stocks have already embarked on a downward channel, although on March 11, Amazon's stock price still rose by 5.41%, but the future is still not optimistic.