Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 222.55

-1.6%

3:59 PM EST

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To: Glenn D. Rudolph who wrote (6922)	6/21/1998 5:03:00 PM
From: Tom D	Read Replies (2) of 164684

<<<This Amazon making people millionaires while loosing money has been a pet pieve of mine right along.>>> What are you suggesting, the the US Congress pass a law saying that anybody who bought shares during one of the nonpublic rounds of financing is not permitted to sell them until the company makes profits (rather than 6 mths after the IPO)? What would this do to the ability of startups to raise money? What would happen to US innovation, and to US job creation? Would the internet still be a government/university project? You bears complain about every time an insider sells. For the most part the insiders have NOT been selling, and that has a lot to do with why the market cap is so high. Quit complaining! The small float is what makes it so easy to squeeze the shorts. Best Regards, Tom

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