Question
Amazon managed to survive the internet bubble burst due to its financial stability. Unlike other companies, Amazon had already generated the income it needed to continue operations, so additional funding wasn't required. Despite the company's stock falling significantly, from $113 to $6, Amazon's financial health allowed it to weather the storm and continue its business.
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Amazon took a huge financial hit when the internet bubble burst. The company's stock fell from $113 to $6. But unlike other companies that folded during that time, Amazon had already generated the income it needed to carry on, so additional funding wasn't needed. The data would say that Amazon was not a healthy company, but the truth was far different.
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