Amazon.Com Shares Take Huge Jump

Wed., Nov. 18, 1998

From Staff

Amazon.com Inc. shares surged 18 percent after the No. 1 Internet bookseller unveiled an online video store and a holiday gift center that sells items ranging from toys to computer software.

Amazon.com rose 22-1/4 to 148-1/2, a record close and the largest one-day percentage gain since Sept. 23.

The rise enriched Chief Executive Jeff Bezos, the largest Amazon.com shareholder, by $440 million and brought the value of his holdings to about $2.9 billion. The Seattle-based company opened its video and gift store Tuesday.

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Amazon.Com Shares Take Huge Jump

Jesse Tinsley

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