"Jeff Bezos just shocked Amazon investors to the core with this dire statement:
"I predict one day, Amazon will fail."
"In a recent interview, Bezos explained that he believes "Amazon will be disrupted one day" and eventually "will go bankrupt."
"What might be even more alarming is that Bezos has been dumping roughly $1 billion worth of Amazon stock every year...
"But Bezos isn't just cashing out, he's reinvesting his money into a company utilizing a fast-emerging technology that he believes will "improve every business."
"What most people don't know... is that there is a tiny component powering this tech revolution... a component that Amazon doesn't produce in-house.
"That's because another company (less than 1/6th the size of Amazon)...is producing a powerful component that is leaps and bounds ahead of the competition.
"He's not alone in seeing it this way..."
and then made with the pitch to subscribe to Motley Fool and find out the name of the three big companies that will make me a trillionare.
If it's Blockchain technology, I'm already on it. Invest in RIOT stock to buy the dip on Monday. It's doubled in value since I bought it. There are some rumblings about G6 technology, too.
But never mind all that. If he's manipulating his stock to make money shorting it by making alarming statements about it, or provoking a panic by selling huge blocks with the same goal in mind, that is seriously illegal. I'd like to see him hung anyway, but I'll settle for a perp walk in the hands of the feds.
“If he’s manipulating his stock to make money shorting it by making alarming statements about it, or provoking a panic by selling huge blocks with the same goal in mind, that is seriously illegal.”
Elon Musk does the same thing. No one cares as long as they get theirs.
I’ll be happy when the Amazon Post will fail. That will be a great day for freedom.
Well if I get my flashlights before that, okay.
That is some inspiring leadership. Maybe some football coaches should borrow some of this.
A company I used to work for used to bad-mouth their financial situation every four years or so. Funny, but it was always right before contract negotiation time.
I wonder if Bezos is trying the same sort of thing. “Don’t ask for more money, guys. We’re on the road to bankruptcy as it is.”
He’s right. Sears failed. Many many large businesses had a limited life span.
I expect Walmart to fail once we ween ourselves from China. The only thing to stop this failure is if Walmart starts looking for US made products right now.
If war breaks out with China, many Walmarts will close their doors overnight.
They need to hold on until i get my cheap Chinese junk I ordered.
He’s just being honest. Eventually all businesses fail. There’s a meme out there about the companies with logos in the movies 2001 and how few of them existed, or existed as powerfully as they were then, by the actual year. Remember when jeans were Levy’s? Copy machines were Xerox? Department stores were Sears? All companies eventually stack up enough poor decisions and hungry competition to go down.
Oh yeah, and about that Christmas bonus...
Jeff Bezos, Billionaire Bolshevik.
A nothing burger. It’s like saying we are all going to die but we want to delay it as long as possible.
I can’t see Verizon or AT&T ever failing. The original AT&T included the current AT&T and Verizon and a number of other entities. They could merge with other companies but I don’t see how they could fail.
Here’s to hoping Bezo’s Washington Compost is the first to go.
Then Amazon Warehouse employees unionize.
Ecclesiastes and free enterprise.
Cut all trade with China and Amazon is out of business
Bezos has made the same comment dozens of times since he started Amazon. It’s basically just a truth of business. All businesses fail eventually. Be in in a year or 150 years. He wasn’t predicting Amazon’s imninent demise. He was simply waxing philosophical about universal business truths. Weird how this time the markets took him seriously though.
Bezos is being philosophical.
He’s not saying Amazon is failing now. He’s saying, eventually, all businesses fail—just as all nations eventually fail (including the USA).
IMHO, the biggest threat to Amazon at the moment are Chinese counterfeit products. When Amazon opened the door to independent sellers, it opened Pandora’s box. Amazon has been flooded by cheap, Chinese knockoffs and outright fake products.
I think twice about buying anything from Amazon anymore, because I can’t be sure the product is genuine.
Nike withdrew all its products from Amazon, because there were so many counterfeit Nike products. Yet, are still Nike products all over Amazon. How many of those products are fakes? I’d venture most of them are, considering Nike doesn’t sell on Amazon.
And what is Amazon doing about it? It seems nothing.
Eventually this is going to catch up with them.
My job is to help them fail.
Bezos is correct in the long run. I think, though, that Amazon is much more likely to be nationalized than to fail. Like the oil industry in Venezuela, it’s where the money is. And control of the distribution of everything everyone buys is a socialist’s wet dream.
Amazon is already using a business model that is dependent upon “food stamp wages”-essentially meaning it is subsidized
by Fed.gov.
His concern is a reality