Taking the Long View
2000
OUCH. IT’S BEEN a brutal year for many in the capital markets and certainly for Amazon.com shareholders. As of this writing, our shares are down more than 80 percent from when I wrote you last year. Nevertheless, by almost any measure, Amazon.com the company is in a stronger position now than at any time in its past.
We served twenty million customers in 2000, up from fourteen million in 1999.
Sales grew to $2.76 billion in 2000 from $1.64 billion in 1999.
Pro forma operating loss shrank to 6 percent of sales in Q4 2000, from 26 percent of sales in Q4 1999.
Pro forma operating loss in the United States shrank to 2 percent of sales in Q4 2000, from 24 percent of sales in Q4 1999.
Average spend per customer in 2000 ...
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