[nico42]

"Skeptics say, it would have to sell every book being sold in the world today to justify its stock price" - Amazon in 1997 [1]. The stock is 50 times higher now.

I have no idea if history will repeat itself, but I find the parallel interesting

[1] https://youtu.be/8SSj7KwBwr8?t=660

[Aeronwen]

They were overvalued in 1997. Even they knew it and started pivoting away from being just a book store shortly after.