Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Amazon.com Inc (AMZN)

NASDAQ
Currency in USD
Disclaimer
173.67
-2.92(-1.65%)
Closed
After Hours
179.35+5.68(+3.27%)

AMZN Comments

Do I understand correctly, they sold for 11.8 billion of Rivian shares last quarter?
Melv: it was booked as a pre-tax valuation gain, I believe they had to book it due to Rivian becoming a public company in Nov 2021 due to Amazon investing in the company when it was private, I can’t find any filings that say Amazon sold any shares so they marked to market and booked the gain wjen stock went public
Melv: we know they owned 158 million shares and Rivians IPO was at $78 so 158 million $78 is $12 billion, there’s your paper gain, due to Rivians share price drop to $60 those shares are now only worth $9,5 Billion if reporting today they would have an unrealised loss on that investment of roughly $2,4 Billion, trying to find out what Amazons initial $$ investment was before it went public !
Amazons initial investment prior to but also including the IPO due to convertibles was $1,850 Billion, so shows the paper gain, these are all unrealised gains due to them still holding the shares, so yes it was a good investment for Amazon, but depends where the future share price of Rivian goes !
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.