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On July 22, 2009, Amazon announced that it would buy Zappos for $940 million in a stock and cash deal. [19] [20] [21] Owners of shares of Zappos were set to receive approximately 10 million Amazon.com shares, and employees would receive a separate $40 million in cash and restricted stock units. [21]
The funds gained from the IPO allowed Amazon to grow quickly, making its first three acquisitions on April 27, 1998, less than a year after the company had gone public. [2] After the dot-com bubble burst on March 11, 2000, several companies that Amazon had invested in went bankrupt, with Amazon's stock price itself sinking to record lows. [3]
On November 20, 2020, the French government finalized an agreement with e-commerce businesses like Amazon and supermarket chains to postpone Black Friday promotions by a week. Discounted shopping promotions were to begin on December 4 instead, after physical stores shuttered during the COVID-19 pandemic were allowed to reopen.
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During the period July 13 to 28, 2015, Staples Inc share price fell from $15.59 to $13.97, a 10% fall which reflected a reduction in Staples market value of almost $1bn. [ citation needed ] In late 2023, Staples experienced a cyberattack that temporarily disrupted their online ordering system.
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