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Source: Britannica
Published: May 2019

Fueling Amazon’s Early Growth

Circulated: May 24, 2019

To sustain early growth, needed more than private investors to underwrite the expansion from books in 1997 to music and videos in 1998. As a result, in May 1997, less than two years after opening its virtual doors to consumers and without ever having made a profit, Amazon.combecame a public company,raising $54 million on the NASDAQ market.

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