Since people are worried about unprofitable companies like SpaceX, OpenAI and Anthropic being fast tracked into Nasdaq, here is a reminder of when Amazon was added to NASDAQ100 and SP500 -
# Amazon Timeline -
1. Amazon went public on May 15, 1997, at an initial public offering (IPO) price of $18.00 per share.
2. Amazon was added to the NASDAQ100 index effective at the market open on December 21, 1998.
3. Amazon reported its very first quarterly net profit ($5 million) in Q4 2001.
4. Amazon joined the SP500 index on November 18, 2005.