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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.23+1.8%Nov 28 12:59 PM EST

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To: Islander who wrote (9138)7/7/1998 2:53:00 AM
From: umbro  Read Replies (1) of 164684
 
Islander,

Do you believe 10 or 20 million people might
buy a book or a CD or something else from Amazon.com by 2001?


In short, no. To go from 2 to 20 mil. customers is a better than
100% growth rate (2x) per year for the next 3 years. That's tough
to believe, when you figure 20 mil. customers is 7% of the US
population (1 out of 14), and must be close to the total number
of online users today in the US that spend money via the net,
on anything. To believe the premise above, I'd have to believe
that 1 out 3 internet users will be ordering from Amazon in the
year 2001. Someone help me with the math/demographics, here.
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