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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: Glenn D. Rudolph who wrote (19746)10/2/1998 8:24:00 PM
From: OtherChap  Read Replies (3) of 164684
 
>I am bothered by the amount of millionairs that AMZN has made of the
>insiders without them ever making a return on invested capital. I >admit to being jealous but also to believe strongly that this is >wrong.

The first internet company that writes in their prospectus that NO INSIDER can sell a single share until their company becomes profitable, I will buy all I can.

But of course, that will never happen. I've been in the valley long enough and know enough people who've worked at startups and their exit strategy is ALWAYS the same. Get in, cash out, move on. It is NEVER to make a profit. What do they care about profit if they can unload 20 million dollars of stock onto a bunch of people that have been convinced by analysts (most of which usually helped underwrite the stock in the first place) that stocks such as Amzn are actually investments, instead of pyramid schemes.

Ever hear of "vest fest" ? I've seen it dozens of times, employees hang around just long enough to vest a sizeable portion of their options, then quit. If you think these people are looking out for the investors, then I have a huge but slightly used bridge near manhattan that I'd like to sell you.
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