2001 · Primary filing + calculated range
Amazon looked breakable at six dollars
The stock’s reported quarterly range fell roughly 93.5% from a 2000 high to a 2001 low while the company was still losing money. Survival was possible, never obvious.
Category
Investing
Historical decisions, clearly dated and never offered as advice.
From the evidence file
Famous misses
2010 · Contemporaneous post + on-chain record
Ten thousand bitcoin bought two pizzas—and proved the currency could buy something
The trade’s later dollar value is irresistible, but its contemporary significance was utility: an intermediary exchanged ordinary money for pizza after receiving bitcoin.
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