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Him named time magazine's person of the year for 1999. but many industry analysts and investors were still skeptical. >> i own about a hundred shares of amazon.com. and i was wondering if you could tell me exactly what it is i own? >> if you they that e commerce is going to be a big deal in the long-term, then what you own should be very valuable. >> amazon came out of gate as a very hot stock. it was stratospherically high. being shorted by a lot of old fashioned business people who didn't think it was worth the price. >> and when an industrywide disaster started to unfold in may 2000 it look...

Ribbon cutting and the high five of winning, a few years later we're going decide was this good for us? and i'm not sure it is going to be good for the host city. >> coming up. >> from january 1, through may 1st of this year, jeff bezos the founder of amazon saw his wealth increase by $275 million, every single day. day (grandma) nooooooo... (dad) nooooooo... (dog) yessssss.... (vo) quick, the quicker picker upper! bounty picks up messes quicker and is two times more absorbent than the leading ordinary brand. (boy) hey look, i got it. bounty, the quicker picker upper. bike, wheels, saddle. i c...

Even though he seems sort of like the laughing fool. like ha ha ha, he's really smiley. he's a tough customer. >> in the 2,000s, amazon got into is it device market with the the kindle e reader. and also launched the subscription amazon prime. now with over 100 million members. but with this came programs the biggest game changer of all. amazon web services. >> in the early 2000s. amazon started to have this notion of taking computing infrastructure, making it available for external users to use. >> amazon would rent its vast computing resources like servers and storage to outside companies, g...

>> but for bezos, was buying the post just one part of a stealth invasion of d.c.? in 2016 he quietly paid $23 million for what was build as the largest home in town, the 27,000 square feet former textile museum. with neighbors such as the obamas and jared kushner, and ivanka trump. >> really the white hot center of the new washington power set. >> around the same time, bezos built a massive d.c. lobbying operation to handle amazon's many interests from drone delivery to taxes. >> their spending on registered lobbying has gone up 400%. >> all these moves did not go unnoticed. especially by the...

Unloaded stocks today and send the dow and the nasdaq plummeting. >> everyone had this internet euphoria. said i've just got to invest. i want to ride this wave and suddenly the bubble started to burst and we said hold on a second. the internet is the new frontier. there are extraordinary things happening on it but it doesn't mean all things are extraordinary. >> overspeculation on tech start-ups set wall street into free fall. the nasdaq crashed costing investors an estimated 5 trillion trrs. >> during the dotcom crash amazon like everyone else was affected and the bankruptcy was widely predi...