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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.95+0.3%3:59 PM EST

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To: Glenn D. Rudolph who wrote (12575)8/4/1998 11:23:00 PM
From: Rob S.  Read Replies (3) of 164684
 
Glenn, I disagree about the complexity and usefulness of the site - I don't think it is THAT cheap or easy to build such a site. But I agree that Amazon.com paid way too much of shareholders money for this small, unprofitable company. Why? Could it be because Amazon.com (Bezos family) and the VCs saw this as a way to make a large payment to the VC under the cover of an acquisition? I think at the very least it is a deal that is very profitable for Amazon's VC firm and very dilutive of earnings. Amazon should have been able to do this themselves for a heck of a lot less.

What the heck, it's only a few hundred million of shareholders money. As long as the VCs are happy with, investors should be happy - right? (snicker, snicker ; -)
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