This is where I was in 1998 with a concept and vision of a social media company called Canada-Eh.com. Look closely at the network and services that we intended on providing to our clients and members.
As we stated in 1998, “It’s all about Convergence of Voice, Video and Data” on universal devices. In 1998, we were in the early days of the first wave of Internet development. All of this came into existence with the passage of time. The vision and concept of Canada-eh was on par with Amazon in 1998 and was a full 6 years ahead of Facebook (2004). Apple delivered the first iPhone in 2007.
In May 1997, Amazon went public at $18 per share in an IPO that valued the company at around $438 million. Since then, Amazon’s stock has risen by an astronomical 47,582.67% as its market cap has broken above $335 billion as of Jun 15, 2016 trading at $835/share. As of March 23, 2018, Amazon shares are trading at $1,495 off from an all-time high of $1,617.
Google sought to raise $2.7 billion in its IPO. Google held its IPO on Aug. 19, 2004. The company went public at $85, sold 22.5 million shares and raised over $1.9 billion. Shares of Google rose 18.05% to $100.34 at the close of its IPO.
The social networking company Facebook held its initial public offering (IPO) on Friday, May 18, 2012. The IPO was the biggest in technology and one of the biggest in Internet history, with a peak market capitalization of over $104 billion. Media pundits called it a “cultural touchstone.”
We are the early days of Convergence Wave II.