Jeff Bezos Remains Amazon's Largest Individual Shareholder With Roughly 900 Million Shares. Here's Why That Stake Still Anchors the Stock.
The founder continues to show confidence in the company.
Overview
It's hard to remember that Amazon (NASDAQ: AMZN) started as an online bookseller in 1994. Thanks to co-founder and then-CEO Jeff Bezos' vision, it quickly grew to sell virtually everything imaginable online. Today, it has added physical stores, devices, a streaming service, advertising services, and a cloud-computing platform.
Bezos remains Amazon's largest shareholder, which should give investors confidence. Still, looking closer at the holdings and the company, should you follow his lead and make the stock part of your core long-term holdings?
Jeff Bezos, Amazon executive chairman. Image source: Amazon.com
Details
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Originally published at www.fool.com.
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