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Some companies, which seemed like nothing back in the day, are now worth millions and sometimes billions.
One of those success stories is eBay, a pioneer in online selling when it launched in 1995.
Since then, the company has gone through a lot of changes, including what itsstockis worth today.
How Much Is the Stock Worth Today?
The first calculation starts from September 1998, which is when eBay went public.
One thing to keep in mind here is that ebay acquired Paypal in 2002, Ritchie noted.
However, PayPal eventually outgrew eBay in value and the board decided to separate them in 2015.
By April 1999, the share price was close to $11.
Exactly a year after the IPO, eBay was added to the Nasdaq 100 index.
Thats an 18.79% annual return rate.
What If You Invested in 2000, 2005 or 2010?
Outside of the IPO, eBay might not look like a wise investment at the time.
In the beginning of 2005, eBay was trading at a P/E ratio that was close to 100.
Unfortunately, eBay didnt show the kind of growth youd expect from a tech company, Ritchie explained.
Another issue with this jot down of investments is that they dont pay dividends.
Ebay started paying out dividends in 2019.
So looking at the valuation of the company is key, regardless of the technologys promises.
Not a bad investment at all.
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