Sunday May 31, 2020

Amazon's reign as most expensive stock set to end

Investment in $18.5 billion spending spree was designed to encourage growth.

1st April, 2013
Amazon chief executive Jeff Bezos.

Amazon’s days as the most expensive stock in the Standard & Poor’s 500 Index are numbered as chief executive Jeff Bezos reaps profit from an $18.5 billion spending spree designed to spur growth.

Amazon has seen its stock almost double in three years and trades at more than 700 times earnings, the highest ratio of any company in the S&P 500 - a ranking it has held for nine months.

As investments in...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 5 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago